Axalta Coating Systems Ltd. [NYSE: AXTA] stock went on a downward path that fall over -1.84% on Tuesday, amounting to a one-week price decrease of less than -5.45%. The company report on September 7, 2021 that Axalta to showcase coatings for electric vehicle batteries and motors at the Novi Battery Show.
New Plascoat® thermoplastic powder combines corrosion, dielectric, stone chip and fire protection into a single layer of coating.
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Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will unveil a portfolio of coatings that enhance the performance, durability, safety and cost of electric vehicle (EV) batteries and motors at The Battery Show North America, September 14 -16 in Novi, MI. The company will also introduce its latest Plascoat thermoplastic powder that delivers corrosion, dielectric, stone chip and fire protection in a single layer of coating.
Over the last 12 months, AXTA stock rose by 27.05%. The one-year Axalta Coating Systems Ltd. stock forecast points to a potential upside of 22.99. The average equity rating for AXTA stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.79 billion, with 232.50 million shares outstanding and 229.65 million shares in the current float. Compared to the average trading volume of 2.61M shares, AXTA stock reached a trading volume of 3776869 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Axalta Coating Systems Ltd. [AXTA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXTA shares is $38.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXTA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Axalta Coating Systems Ltd. shares, keeping their opinion on the stock as Positive, with their previous recommendation back on April 26, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on March 15, 2021, representing the official price target for Axalta Coating Systems Ltd. stock. On May 12, 2020, analysts increased their price target for AXTA shares from 19 to 25.
The Average True Range (ATR) for Axalta Coating Systems Ltd. is set at 0.53, with the Price to Sales ratio for AXTA stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 4.58, with the Price to Cash per share for the same quarter was set at 5.31. Price to Free Cash Flow for AXTA in the course of the last twelve months was 12.15 with Quick ratio for the last quarter at 2.00.
AXTA Stock Performance Analysis:
Axalta Coating Systems Ltd. [AXTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.45. With this latest performance, AXTA shares dropped by -2.85% in over the last four-week period, additionally plugging by 0.10% over the last 6 months – not to mention a rise of 27.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXTA stock in for the last two-week period is set at 36.70, with the RSI for the last a single of trading hit 29.02, and the three-weeks RSI is set at 40.71 for Axalta Coating Systems Ltd. [AXTA]. The present Moving Average for the last 50 days of trading for this stock 30.21, while it was recorded at 30.00 for the last single week of trading, and 29.96 for the last 200 days.
Insight into Axalta Coating Systems Ltd. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Axalta Coating Systems Ltd. [AXTA] shares currently have an operating margin of +10.34 and a Gross Margin at +31.46. Axalta Coating Systems Ltd.’s Net Margin is presently recorded at +3.25.
Return on Total Capital for AXTA is now 7.15, given the latest momentum, and Return on Invested Capital for the company is 2.30. Return on Equity for this stock inclined to 8.73, with Return on Assets sitting at 1.74. When it comes to the capital structure of this company, Axalta Coating Systems Ltd. [AXTA] has a Total Debt to Total Equity ratio set at 278.93. Additionally, AXTA Total Debt to Total Capital is recorded at 73.61, with Total Debt to Total Assets ending up at 55.85. Long-Term Debt to Equity for the company is recorded at 273.14, with the Long-Term Debt to Total Capital now at 72.08.
Reflecting on the efficiency of the workforce at the company, Axalta Coating Systems Ltd. [AXTA] managed to generate an average of $9,354 per employee. Receivables Turnover for the company is 4.21 with a Total Asset Turnover recorded at a value of 0.53.Axalta Coating Systems Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.50.
AXTA Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AXTA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Axalta Coating Systems Ltd. go to 20.20%.
Axalta Coating Systems Ltd. [AXTA] Insider Position Details
There are presently around $6,533 million, or 99.80% of AXTA stock, in the hands of institutional investors. The top three institutional holders of AXTA stocks are: VANGUARD GROUP INC with ownership of 20,248,525, which is approximately 4.602% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 15,003,522 shares of the stock with an approximate value of $439.75 million in AXTA stocks shares; and MASSACHUSETTS FINANCIAL SERVICES CO /MA/, currently with $374.7 million in AXTA stock with ownership of nearly 24.148% of the company’s market capitalization.
Positions in Axalta Coating Systems Ltd. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 181 institutional holders increased their position in Axalta Coating Systems Ltd. [NYSE:AXTA] by around 43,314,664 shares. Additionally, 178 investors decreased positions by around 51,263,348 shares, while 35 investors held positions by with 128,302,575 shares. The mentioned changes placed institutional holdings at 222,880,587 shares, according to the latest SEC report filing. AXTA stock had 64 new institutional investments in for a total of 17,639,480 shares, while 59 institutional investors sold positions of 20,559,952 shares during the same period.