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NYSE:AXTA

Axalta Coating Systems Stock Forecast, Price & News

$25.11
-0.27 (-1.06 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$24.78
Now: $25.11
$25.45
50-Day Range
$21.63
MA: $24.41
$26.77
52-Week Range
$12.92
Now: $25.11
$31.26
Volume2.99 million shs
Average Volume3.39 million shs
Market Capitalization$5.91 billion
P/E Ratio62.78
Dividend YieldN/A
Beta1.55
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent borne products and systems used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It also provides functional and decorative liquid and powder coatings used in various industrial applications, including architectural claddings and fittings, automotive components, general industrial and HVAC products, job coaters, electrical insulation coatings, appliances, aluminum extrusions, rebars, and oil and gas pipelines; and wood coatings under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Tufcote and Ceranamel for liquid coatings; and Alesta, Nap-Gard, Abcite, and Plascoat brands for powder. In addition, the company develops and supplies a line of coatings products, such as electrocoat, primer, basecoat, and clearcoat products for OEMs of light and commercial vehicles; and various coatings systems for various commercial applications, including HDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands; and sells and ships its products to light vehicle OEM customers. It sells its product under the Audurra, Challenger, Chemophan, ColorNet, Corlar, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Philadelphia, Pennsylvania.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars

Industry, Sector and Symbol

Industry Paints & allied products
Sub-IndustryN/A
CUSIPN/A
Phone855-547-1461
Employees14,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.48 billion
Cash Flow$3.39 per share
Book Value$5.88 per share

Profitability

Net Income$249 million

Miscellaneous

Market Cap$5.91 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$25.11
-0.27 (-1.06 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Axalta Coating Systems (NYSE:AXTA) Frequently Asked Questions

How has Axalta Coating Systems' stock price been impacted by COVID-19?

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 shares have increased by 23.6% and is now trading at $25.11.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Axalta Coating Systems?

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, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Axalta Coating Systems
.

When is Axalta Coating Systems' next earnings date?

Axalta Coating Systems is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Axalta Coating Systems
.

How were Axalta Coating Systems' earnings last quarter?

Axalta Coating Systems Ltd. (NYSE:AXTA) issued its quarterly earnings data on Wednesday, October, 21st. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.26. Axalta Coating Systems had a net margin of 2.49% and a return on equity of 20.51%.
View Axalta Coating Systems' earnings history
.

What guidance has Axalta Coating Systems issued on next quarter's earnings?

Axalta Coating Systems updated its FY20 earnings guidance on Wednesday, October, 21st. The company provided earnings per share (EPS) guidance of $1.15-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.88.

What price target have analysts set for AXTA?

16 analysts have issued 1-year price targets for Axalta Coating Systems' stock. Their forecasts range from $20.00 to $34.00. On average, they expect Axalta Coating Systems' share price to reach $27.36 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
View analysts' price targets for Axalta Coating Systems
.

Are investors shorting Axalta Coating Systems?

Axalta Coating Systems saw a increase in short interest in October. As of October 15th, there was short interest totaling 7,810,000 shares, an increase of 42.8% from the September 30th total of 5,470,000 shares. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is currently 2.9 days.
View Axalta Coating Systems' Short Interest
.

Who are some of Axalta Coating Systems' key competitors?

Some companies that are related to Axalta Coating Systems include PPG Industries (PPG), Akzo Nobel (AKZOD), Akzo Nobel (AKZOY), RPM International (RPM) and Ferro (FOE).
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What other stocks do shareholders of Axalta Coating Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Axalta Coating Systems investors own include AT&T (T), Intel (INTC), AbbVie (ABBV), Micron Technology (MU), PPG Industries (PPG), Wells Fargo & Company (WFC), BlackRock (BLK), General Motors (GM), Johnson & Johnson (JNJ) and Raytheon Technologies (RTX).

Who are Axalta Coating Systems' key executives?

Axalta Coating Systems' management team includes the following people:
  • Mr. Robert W. Bryant, CEO, Pres & Director (Age 52, Pay $5.46M)
  • Mr. Sean M. Lannon, Sr. VP & CFO (Age 41, Pay $3.13M)
  • Mr. Brian A. Berube, Sr. VP, Gen. Counsel & Corp. Sec. (Age 58, Pay $3.04M)
  • Mr. Steven R. Markevich, Exec. VP and Pres of Transportation Coatings & Greater China (Age 60, Pay $2.79M)
  • Dr. Barry S. Snyder, Sr. VP, Chief Operations & Supply Chain Officer (Age 57)

When did Axalta Coating Systems IPO?

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

What is Axalta Coating Systems' stock symbol?

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

Who are Axalta Coating Systems' major shareholders?

Axalta Coating Systems' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.79%), Robeco Institutional Asset Management B.V. (0.60%), BP PLC (0.14%), DekaBank Deutsche Girozentrale (0.13%), Assenagon Asset Management S.A. (0.12%) and State of New Jersey Common Pension Fund D (0.06%). 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
.

Which institutional investors are selling Axalta Coating Systems stock?

AXTA stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., WINTON GROUP Ltd, DekaBank Deutsche Girozentrale, Confluence Investment Management LLC, Standard Life Aberdeen plc, Envestnet Asset Management Inc., Banque Cantonale Vaudoise, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have sold Axalta Coating Systems company stock in the last year include Berkshire Hathaway Inc, and Steven R Markevich.
View insider buying and selling activity for Axalta Coating Systems
.

Which institutional investors are buying Axalta Coating Systems stock?

AXTA stock was acquired by a variety of institutional investors in the last quarter, including BP PLC, KBC Group NV, Guyasuta Investment Advisors Inc., Forsta AP Fonden, Fox Run Management L.L.C., IBM Retirement Fund, BNP Paribas Arbitrage SA, and Comerica Bank.
View insider buying and selling activity for Axalta Coating Systems
.

How do I buy shares of 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.

What is Axalta Coating Systems' stock price today?

One share of AXTA stock can currently be purchased for approximately $25.11.

How big of a company is Axalta Coating Systems?

Axalta Coating Systems has a market capitalization of $5.91 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.

What is Axalta Coating Systems' official website?

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

How can I contact Axalta Coating Systems?

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]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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