The Axalta Coating Systems Ltd. (NYSE:AXTA) is going down by -1.04% in today’s trading session, a fall equivalent to -0.32% of the stock’s price from yesterday’s market close. A news came out on 07/15/19 stating that Axalta to Showcase Latest Wood Coatings Technology at AWFS Fair in Las Vegas by WSJ. The lowest point that the shares touched during the trading session was $29.50, while the peak of the day was recorded at a share price of $30.98. AXTA finished the previous session at $30.67 according to the data provided by Barchart, while the trading volume was observed to be $1,331,941.
In the 100 days of trading, AXTA managed to top a 26.81% Moving average. Additionally, Axalta Coating Systems Ltd. shares have achieved a 52-week range between 21.58 and 30.98 alongside 100 days raw stochastic set at 89.29%.
The number of shares outstanding, according to the fundamentals of the company, is set at 234.76M, equal to the value of $7.20B in market capitalization. Financial analysts indicate that AXTA shares should be still ranked as a “Outperform”. In the last 30 days, Axalta Coating Systems Ltd. shares went down by -2.73%, adding 31.32 to growth in value, on top of a +18.26% boost since 06/17/19.
Axalta Coating Systems Ltd. (NYSE:AXTA) Analyst’s Estimates
Axalta Coating Systems Ltd. (AXTA) could record at least $0.44 per share in quarterly earnings in the upcoming report on 07/25/2019, a number that would actually represent an increase of 9.53% YOY.
According to the average analyst rating, Axalta Coating Systems Ltd. would be rated as 2.00. Out of 16 different analysts monitoring AXTA stock, 6 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 4 indicate that AXTA is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-12-19, the stock earned a Initiated rating due to a new analyst call from Berenberg, while analysts from JP Morgan believe that the stock is set at Neutral from Overweight, as concluded on Apr-26-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Jan-08-19.
Regardless of the rating, Seaport Global Securities did increase their price to $31 as they are considering target share price analysis. Barclays, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-26-18, giving the stock a Equal Weight rating.
AXTA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +31.39% has been attained, while the operating margin has been recorded at +11.11%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 3.07%. Beta value of the stock is recorded at 1.46. Additionally, Axalta Coating Systems Ltd. is recording price volatility of 2.30% for the period of the last seven days and 1.95% in the last 30 days.
Axalta Coating Systems Ltd. (NYSE:AXTA) Technical Outlook
For the period of the last 50 days, Axalta Coating Systems Ltd. had its Raw Stochastic average set at 89.29% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 65.62%. Stochastic %K for Axalta Coating Systems Ltd., with the last 20 days included, was set at 78.50%, having Stochastic %D topping 78.67%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Axalta Coating Systems Ltd. stocks with recording 1.93% in metrics.
Axalta Coating Systems Ltd. Insider Watch:
As far as the position of shares issued by Axalta Coating Systems Ltd. (NYSE:AXTA) for the period concluded at the market close of 07/16/19, 182 institutional investors increased their positions in AXTA shares by 15,679,506, 142 decreased positions by 25,760,491 and 40 institutional investors decided to hold positions at 191,559,223. These numbers put the complete list of institutional holdings set at 232,999,220 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 49 institutional investments with 2,994,194 new shares in addition to having 31 institutional investors selling their positions in 2,496,704 shares.