Axalta Coating Systems Stock Forecast, Price & News

Axalta Coating Systems' stock was trading at $20.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AXTA stock has increased by 20.2% and is now trading at $24.43.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Axalta Coating Systems in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Axalta Coating Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Axalta Coating Systems Ltd (NYSE:AXTA) issued its quarterly earnings results on Wednesday, July, 29th. The specialty chemicals company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.13) by $0.02. The specialty chemicals company earned $652.70 million during the quarter, compared to the consensus estimate of $625.17 million. Axalta Coating Systems had a net margin of 1.99% and a return on equity of 19.38%. The business's quarterly revenue was down 43.6% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share.
View Axalta Coating Systems' earnings history.

Axalta Coating Systems updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $885.6-940.95 million, compared to the consensus revenue estimate of $900.35 million.

16 brokerages have issued 12 month price targets for Axalta Coating Systems' shares. Their forecasts range from $20.00 to $28.00. On average, they expect Axalta Coating Systems' stock price to reach $25.64 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
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Axalta Coating Systems saw a increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,560,000 shares, an increase of 10.8% from the May 14th total of 5,920,000 shares. Based on an average trading volume of 3,440,000 shares, the short-interest ratio is presently 1.9 days.
View Axalta Coating Systems' Short Interest.

Some companies that are related to Axalta Coating Systems include Akzo Nobel (AKZOD), Nippon Paint (NPCPF), Akzo Nobel (AKZOY), RPM International (RPM) and Ferro (FOE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Axalta Coating Systems investors own include AbbVie (ABBV), AT&T (T), Intel (INTC), Micron Technology (MU), BlackRock (BLK), IBM (IBM), Occidental Petroleum (OXY), PPG Industries (PPG), Wells Fargo & Company (WFC) and CA (CA).

(AXTA) raised $975 million in an initial public offering on Wednesday, November 12th 2014. The company issued 50,000,000 shares at a price of $19.50 per share. Citigroup, Goldman Sachs, Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko were co-managers.

Axalta Coating Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXTA."

Axalta Coating Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.45%), Nuveen Asset Management LLC (2.10%), London Co. of Virginia (1.81%), FMR LLC (1.46%), Russell Investments Group Ltd. (1.39%) and Nordea Investment Management AB (1.35%). Company insiders that own Axalta Coating Systems stock include Andreas Kramvis, Berkshire Hathaway Inc, Charles W Shaver, Joseph F Mcdougall, Michael A Cash, Robert W Bryant, Sean M Lannon and Steven R Markevich.
View institutional ownership trends for Axalta Coating Systems.

AXTA stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Cove Street Capital LLC, AQR Capital Management LLC, Man Group plc, Marathon Asset Management LLP, and Glenmede Trust Co. NA. Company insiders that have sold Axalta Coating Systems company stock in the last year include Berkshire Hathaway Inc, and Steven R Markevich.
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AXTA stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Marshall Wace North America L.P., Sessa Capital IM L.P., Nordea Investment Management AB, Robeco Institutional Asset Management B.V., Thrivent Financial for Lutherans, Bank of America Corp DE, and London Co. of Virginia.
View insider buying and selling activity for Axalta Coating Systems.

Shares of AXTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AXTA stock can currently be purchased for approximately $24.43.

Axalta Coating Systems has a market capitalization of $5.75 billion and generates $4.48 billion in revenue each year. The specialty chemicals company earns $249 million in net income (profit) each year or $1.80 on an earnings per share basis. Axalta Coating Systems employs 14,000 workers across the globe.

The official website for Axalta Coating Systems is www.axalta.com.

Axalta Coating Systems' mailing address is 2001 MARKET STREET SUITE 3600 TWO COMMERCE SQUARE, PHILADELPHIA PA, 19103. The specialty chemicals company can be reached via phone at 855-547-1461 or via email at [email protected]