Axalta Coating Systems (AXTA) Getting Somewhat Positive Press Coverage, Study Shows

Axalta Coating Systems (AXTA) Getting Somewhat Positive Press Coverage, Study Shows”

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered an increase of 35.4% in short interest. Axalta Coating Systems Ltd has recorded a 50-day average of $29.32 and a two hundred day average of $31.20. As we run through the next round of company earnings reports, investors will be keeping a close eye on the data that is reported. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned "Outperform" rating by RBC Capital Markets on Wednesday, October 14. Following the sale, the chief financial officer now directly owns 328,234 shares of the company's stock, valued at $10,546,158.42. Amalgamated Bank raised its stake in shares of Axalta Coating Systems by 68.2% in the second quarter. As of quarter end Exane Asset Management had sold 57,995 shares trimming its holdings by 17.7%. TIAA CREF Investment Management LLC now owns 1,898,024 shares of the specialty chemicals company's stock worth $61,116,000 after acquiring an additional 1,371,808 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Axalta Coating Systems by 12.1% in the third quarter. Yg Partners, LLC now owns 439,536 shares with a value of $14,083,000. Finally, State Street Corp lifted its holdings in Axalta Coating Systems by 3.3% during the first quarter. The overall volume in the last trading session was 1,399,414 shares. The company maintains price to book ratio of 0.00 industry average at 0.61. These analysts have also projected a Low Estimate of $0.29/share and a High Estimate of $0.4/share.

A commonly used tool among technical stock analysts is the moving average. With markets still riding high, investors will be closely watching the numbers as companies start reporting quarterly earnings results.

The Leverage Ratio of Axalta Coating Systems Ltd. (NYSE:AXTA) is 0.617775. The company had Year Ago Sales of 1.03 Billion. Next quarter's EPS is forecasted to be $0.39 and the next full year EPS is projected to be $1.56. The business's quarterly revenue was up 2.3% compared to the same quarter a year ago.

Stocks of Axalta Coating Systems (NASDAQ AXTA) transacted up 0.17% throughout intraday market trading on early Tue, reaching $29.28. Chicago Partners Investment Group purchased a fresh position in Axalta Coating Systems in the Fiscal Q2 worth at about $127,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Axalta Coating Systems during the 1st quarter worth about $38,627,000. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and global copyright & trademark law. The correct version of this news story can be viewed at Short shares grew 2,521,973 over that timeframe. Analysts, on average, seem bullish as they suggest KMB is worth $9.46 more, giving a target price of $129.62 a share. Shares were disposed in a price range of $29.37, amounting to $4,699,200.00. after the closing of the transaction the EVP has an ownership of 280,377 stocks in the company, worth at $8,234,672.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was acquired at an average price of $28.16 per share, for a total transaction of $112,640.00. That brings the Director's holdings to $112,640 per an SEC filing yesterday. The disclosure for this sale can be found here. The stock ended last trade at $34.89 a share and the price is up more than -23.60% so far this year.

The following firms have recently changed their position in AXTA.

On August 11 the stock rating was upgraded to "Overweight" from "Neutral" in an announcement from JP Morgan. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). UBS AG reiterated a "buy" rating and issued a $39.00 target price (up from $37.00) on shares of Axalta Coating Systems in a research note on Tuesday, June 6th. The ERP5 of Axalta Coating Systems Ltd. (NYSE:AXTA) is 16899. August 7 investment analysts at Citigroup made no change to the stock rating of "Buy" and lowered the price target from $36.00 to $31.00.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data on Thursday, August 3rd. Axalta Coating Systems presently has a consensus rating of "Hold" and a consensus price target of $33.73. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.

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