Just the Facts on Axalta Coating Systems Ltd. (AXTA)

Axalta's Price And Cost Challenges May Just Be Getting Started

Just the Facts on Axalta Coating Systems Ltd. (AXTA)

RBC Capital Markets maintained Axalta Coating Systems Ltd (NYSE:AXTA) on Monday, December 7 with "Outperform" rating. Nomura's target indicates a potential downside of -1.89 % from the company's previous close. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.39 by ($0.08).

AXTA has been the subject of a number of other reports. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since October 11, 2016 and is uptrending. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned "Buy" rating by Citigroup on Monday, April 18.

Analysts await Axalta Coating Systems Ltd (NYSE:AXTA) to report earnings on October, 26. After a recent check, it is observed that the insiders for the firm now own 0.60% shares. Bank of America downgraded the shares of AXTA in report on Wednesday, June 21 to "Underperform" rating. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and worldwide copyright legislation. The value of the investment in Axalta Coating Systems Ltd. increased from $10,560,000 to $8,649,582,000 increasing 81,808.9% quarter over quarter.

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Axalta Coating Systems (NASDAQ AXTA) opened at 28.76 on Wednesday.

Institutions own 100.08% of Axalta Coating Systems Ltd. (AXTA)'s shares. The relative volume of the stock is 2.93, while its market cap is $7.31 Billion. The company's 50-day moving average is $29.20 and its 200-day moving average is $31.01. They expect $1.34 EPS, down 17.79% or $0.29 from last year's $1.63 per share. Td Asset Mngmt has 0.12% invested in Kellogg Company (NYSE:K) for 1.06M shares. The high and low revenue estimates for the current quarter are $1.19 Billion and $1.11 Billion, respectively.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. During the same quarter previous year, the company earned $0.34 EPS.

In other Axalta Coating Systems news, SVP Michael A. Cash sold 34,874 shares of Axalta Coating Systems stock in a transaction on Thursday, October 5th. The average 1-year price target for (AXTA) reveals an average price target of $32.17 per share. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The stock was bought at an average price of $28.16 per share, for a total transaction of $112,640.00. Following the completion of the transaction, the vice president now owns 4,088 shares of the company's stock, valued at $128,158.80.

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Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its stake in Axalta Coating Systems by 257.0% during the 2nd quarter.

Among new and sold out positions, 45 holders initiated new positions by a total of 9.12 million shares and 37 holders exited their positions by a total of 5.52 million shares. Engineers Gate Manager LP now owns 94,895 shares of the specialty chemicals company's stock worth $3,040,000 after purchasing an additional 30,208 shares during the last quarter. The total value of its holdings increased 19.8%. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

Ownership trends and trading patterns can be useful tools for predicting a stock's performance, but it's also important to consider the technicals in order to form a more comprehensive view.

The company said the updated guidance reflects the expected impact of recent natural disasters, distributor working capital adjustments in the company's performance coating segment, and the projected widening gap between raw material input costs and offsetting near-term customer price increases. The Company's segments include Performance Coatings and Transportation Coatings. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings.

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