Axalta Coating Systems Ltd. (NYSE:AXTA) does about 1.97M shares in volume on a normal day but saw 3251318 shares change hands in Monday trading. The company now has a market cap of 5.85B USD. Its current market price is $27.88, marking an increase of 1.75% compared to the previous close of $27.40. The 52 week high reached by this stock is $30.89 whilst the lowest price level in 52 weeks is $20.66. The script in recent trading has seen the stock touch a high of $27.965 and a low of $27.24.
Axalta Coating Systems Ltd. (AXTA) has a 20-day trading average at $26.42 and the current price is -9.74% off the 52-week high compared with 34.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $26.20 and its 200-day simple moving average is $25.04. If we look at the stock’s price movements over the week, volatility stands at 2.81%, which decreases to 2.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.19 to suggest the stock is neutral.
The consensus objective for the share price is $28.81, suggesting that the stock has a potential upside of 3.23% over the period. The median price target is 7.07% away from the current levels at $30.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 28, 2022 when Exane BNP Paribas downgraded the stock to “Neutral” and issued a price target of $27. Goldman initiated its price target at $29.
The current price level is 5.92%, 6.69%, and 11.43% away from its SMA20, SMA50, and SMA200 respectively, with the AXTA price moving above the 50-day SMA on January 23. Axalta Coating Systems Ltd. (AXTA) stock is up 2.24% over the week and 10.11% over the past month. Its price is 9.46% year-to-date and -8.56% over the past year.
The company’s next earnings report is expected on 04/26/2023, with forecasts estimating quarterly EPS at $0.37 and $1.48 for whole year. AXTA’s earnings per share are forecast to shrink by -11.40% this year and 22.30% over next year. Expected sales for next quarter are $1.19 billion, which analysts say will come at $4.85 billion for the current fiscal year and next year at $4.98 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.21 billion.
To reach the target analysts have set, the stock logically needs to grow 3.23 percent from here.
Outstanding shares total 220.60M with insiders holding 0.70% of the shares and institutional holders owning 104.61% of the company’s common stock. The company has a return on investment of 7.30% and return on equity of 14.70%. The price to earnings ratio (P/E ratio) amounts to 31.05 while the forward price to earnings ratio is 16.34. The beta has a value of 1.39. Price to book ratio is 4.83 and price to sales ratio is 1.22.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Axalta Coating Systems Ltd. (AXTA) to 6,692,790 shares, mirroring a recent increase by 0.78%. Vanguard Total Stock Market Index added 51613.0 shares of Axalta Coating Systems Ltd. common stock bringing its total worth to about $170.47 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Small Cap Index Fund, which sold off 12415.0 shares to end up with 5,684,306 shares worth $144.78 million. John Hancock III – Disciplined Va raise their holdings by 25.41% in the company over the course of the most recent quarter. It now holds a 2.12% position in Axalta Coating Systems Ltd. thanks to 4.67 million shares amounting to $118.84 million.