Axalta Coating Systems Ltd. [AXTA] stock Downgrade by Exane BNP Paribas analyst, price target now $27

Axalta Coating Systems Ltd. [NYSE: AXTA] traded at a high on 01/18/23, posting a 0.19 gain after which it closed the day’ session at $27.06. The company report on January 11, 2023 that Axalta’s Sustainable Electrocoat (e-coat) Technology Wins 2023 BIG Innovation Award.

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The results of the trading session contributed to over 4736126 shares changing hands. Over the past one week, the price volatility of Axalta Coating Systems Ltd. stands at 1.68% while the volatility over the past one month is 2.16%.

The market cap for AXTA stock reached $6.04 billion, with 220.60 million shares outstanding and 219.07 million shares in the current float. Compared to the average trading volume of 1.91M shares, AXTA reached a trading volume of 4736126 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $28.81 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 2.40. 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.

Exane BNP Paribas have made an estimate for Axalta Coating Systems Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 28, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Underperform. The new note on the price target was released on October 21, 2022, representing the official price target for Axalta Coating Systems Ltd. stock. Previously, the target price had yet another raise to $29, while Goldman analysts kept a Buy rating on AXTA stock.

The Average True Range (ATR) for Axalta Coating Systems Ltd. is set at 0.68, with the Price to Sales ratio for AXTA stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 4.69, with the Price to Cash per share for the same quarter was set at 2.32. Price to Free Cash Flow for AXTA in the course of the last twelve months was 32.43 with Quick ratio for the last quarter at 1.40.

How has AXTA stock performed recently?

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 0.52. With this latest performance, AXTA shares gained by 5.62% in over the last four-week period, additionally plugging by 12.14% over the last 6 months – not to mention a drop of -17.35% 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 57.74, with the RSI for the last a single of trading hit 58.76, and the three-weeks RSI is set at 56.81 for Axalta Coating Systems Ltd. [AXTA]. The present Moving Average for the last 50 days of trading for this stock 26.03, while it was recorded at 27.28 for the last single week of trading, and 25.00 for the last 200 days.

Axalta Coating Systems Ltd. [AXTA]: Deeper insight into the fundamentals

Axalta Coating Systems Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.00.

Earnings analysis for Axalta Coating Systems Ltd. [AXTA]

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 8.70%.

Insider trade positions for Axalta Coating Systems Ltd. [AXTA]

There are presently around $6,172 million, in the hands of institutional investors. The top three institutional holders of AXTA stocks are: VANGUARD GROUP INC with ownership of 20,744,832, which is approximately 1.392% of the company’s market cap and around 0.70% of the total institutional ownership; BOSTON PARTNERS, holding 17,088,246 shares of the stock with an approximate value of $462.41 million in AXTA stocks shares; and BARROW HANLEY MEWHINNEY & STRAUSS LLC, currently with $450.94 million in AXTA stock with ownership of nearly 5.226% of the company’s market capitalization.

Positions in Axalta Coating Systems Ltd. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 142 institutional holders increased their position in Axalta Coating Systems Ltd. [NYSE:AXTA] by around 17,881,542 shares. Additionally, 146 investors decreased positions by around 16,592,133 shares, while 40 investors held positions by with 193,611,723 shares. The mentioned changes placed institutional holdings at 228,085,398 shares, according to the latest SEC report filing. AXTA stock had 38 new institutional investments in for a total of 3,666,449 shares, while 47 institutional investors sold positions of 3,272,349 shares during the same period.

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