Axalta Coating Systems Ltd. [AXTA] fell -31.22% so far this year. What now?

Axalta Coating Systems Ltd. [NYSE: AXTA] stock went on a downward path that fall over -0.65% on Thursday, amounting to a one-week price increase of more than 1.92%. The company report on October 5, 2022 that Axalta schedules third-quarter 2022 earnings conference call.


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In addition, the company will host a conference call at 8 a.m. ET on Wednesday, October 26. Rakesh Sachdev, Interim Chief Executive Officer, and Sean Lannon, Chief Financial Officer, will review the company’s financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the call and will remain accessible through October 26, 2023.

Over the last 12 months, AXTA stock dropped by -28.43%. The one-year Axalta Coating Systems Ltd. stock forecast points to a potential upside of 21.85. The average equity rating for AXTA stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $5.10 billion, with 221.00 million shares outstanding and 219.01 million shares in the current float. Compared to the average trading volume of 2.14M shares, AXTA stock reached a trading volume of 2635106 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 $29.15 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 2.20. 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.

Goldman have made an estimate for Axalta Coating Systems Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2022. The new note on the price target was released on July 20, 2022, representing the official price target for Axalta Coating Systems Ltd. stock. Previously, the target price had yet another drop from $34 to $27, while Deutsche Bank kept a Hold rating on AXTA stock. On March 25, 2022, analysts decreased their price target for AXTA shares from 33 to 26.

The Average True Range (ATR) for Axalta Coating Systems Ltd. is set at 0.93, with the Price to Sales ratio for AXTA stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 3.80, with the Price to Cash per share for the same quarter was set at 2.23. Price to Free Cash Flow for AXTA in the course of the last twelve months was 20.69 with Quick ratio for the last quarter at 1.30.

AXTA Stock Performance Analysis:

Axalta Coating Systems Ltd. [AXTA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.92. With this latest performance, AXTA shares dropped by -3.02% in over the last four-week period, additionally sinking by -10.03% over the last 6 months – not to mention a drop of -28.43% 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 48.87, with the RSI for the last a single of trading hit 51.78, and the three-weeks RSI is set at 47.44 for Axalta Coating Systems Ltd. [AXTA]. The present Moving Average for the last 50 days of trading for this stock 24.12, while it was recorded at 22.75 for the last single week of trading, and 25.65 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 +11.41 and a Gross Margin at +29.65. Axalta Coating Systems Ltd.’s Net Margin is presently recorded at +5.98.

Return on Equity for this stock inclined to 18.04, with Return on Assets sitting at 3.67.

Axalta Coating Systems Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.90.

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 11.30%.

Axalta Coating Systems Ltd. [AXTA] Insider Position Details

There are presently around $5,228 million, in the hands of institutional investors. The top three institutional holders of AXTA stocks are: VANGUARD GROUP INC with ownership of 20,460,119, which is approximately 0.623% of the company’s market cap and around 0.10% of the total institutional ownership; MASSACHUSETTS FINANCIAL SERVICES CO /MA/, holding 16,944,061 shares of the stock with an approximate value of $385.99 million in AXTA stocks shares; and BARROW HANLEY MEWHINNEY & STRAUSS LLC, currently with $360.76 million in AXTA stock with ownership of nearly -0.32% of the company’s market capitalization.

Positions in Axalta Coating Systems Ltd. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 153 institutional holders increased their position in Axalta Coating Systems Ltd. [NYSE:AXTA] by around 25,672,012 shares. Additionally, 139 investors decreased positions by around 18,474,863 shares, while 40 investors held positions by with 185,349,539 shares. The mentioned changes placed institutional holdings at 229,496,414 shares, according to the latest SEC report filing. AXTA stock had 34 new institutional investments in for a total of 5,137,544 shares, while 40 institutional investors sold positions of 2,770,742 shares during the same period.

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