Economy

Axalta Coating Systems Ltd. (AXTA)

Several other equities analysts have also recently weighed in on AXTA. The value of the company's investment in Axalta Coating Systems Ltd. increased from $215,727,000 to $231,598,000 increasing 7.4% for the reporting period.

April 18 investment analysts at Citigroup maintained a company rating of "Buy" but raised the price expectation to $36.00 from $32.00.

Axalta Coating Systems (NASDAQ:AXTA) last released its earnings results on Thursday, August 3rd.

University of MI professor and noted insider trading researcher, Nejat Seyhun, discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the following year while when they sold shares, the stock underperformed 5.4% over the same period. Axalta Coating Systems presently has an average rating of "Hold" and an average target price of $33.80.

COPYRIGHT VIOLATION NOTICE: "Axalta Coating Systems Ltd (NASDAQ:AXTA) Given Consensus Recommendation of "Hold" by Analysts" was first reported by StockNewsTimes and is the sole property of of StockNewsTimes.

Axalta Coating Systems (AXTA) traded down 0.618% during mid-day trading on Friday, reaching $28.135. 3,947,789 shares of the company's stock were exchanged.

US based company, Axalta Coating Systems Ltd. (AXTA)'s latest closing price was -5.08% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -12.32% and -10.77% compared with the 20 Day Moving Average. Axalta Coating Systems has a 12-month low of $24.27 and a 12-month high of $34.10. Vanguard Group Inc. now owns 17,500,779 shares of the specialty chemicals company's stock valued at $563,525,000 after buying an additional 841,048 shares during the last quarter. On average, analysts anticipate that Axalta Coating Systems Ltd will post $1.31 earnings per share for the current year. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.12 billion. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The business's revenue for the quarter was up 2.3% compared to the same quarter past year. During the same quarter in the previous year, the business posted $0.34 EPS.

Other hedge funds lately purchased and unloaded stocks of the company. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Axalta Coating Systems during the second quarter worth $212,000. Lannon now owns $372,438 of the stock according to the SEC filing. Prudential Financial purchased a fresh position in Axalta Coating Systems during the Q1 valued $210,000. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company's stock valued at $174,000 after buying an additional 294 shares in the last quarter. Jefferies Group LLC reiterated a "buy" rating on shares of Axalta Coating Systems in a research report on Thursday, July 6th. As of the end of the quarter Timessquare Capital Management, LLC had disposed of a total of 89,600 shares trimming its position 5.3%. The value of the total investment in Axalta Coating Systems Ltd. went from $54,202,000 to $51,062,000 a change of 5.8% quarter over quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company's stock valued at $222,000 after buying an additional 2,200 shares in the last quarter. The stock was acquired at an average cost of $28.16 per share, for a total transaction of $112,640.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $112,640. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert W. Bryant sold 40,237 shares of the stock in a transaction dated Monday, May 15th. The disclosure for this sale can be found here. Following the sale, the vice president now directly owns 16,286 shares in the company, valued at $537,438.

Axalta Coating Systems Ltd. (AXTA) holds floating shares of 240.35 million and 250.76 million outstanding shares.

Axalta Coating Systems Ltd. (AXTA) has the market capitalization of $7.1 Billion.



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