Axalta Coating Systems Ltd. [AXTA] Revenue clocked in at $4.88 billion, up 9.23% YTD: What’s Next?

Axalta Coating Systems Ltd. [NYSE: AXTA] plunged by -$1.71 during the normal trading session on Wednesday and reaching a high of $28.79 during the day while it closed the day at $27.82. The company report on March 14, 2023 that Axalta launches new ICONICA collection in the United States for the Architectural and Construction Market.

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ICONICA presents the colors and tones that encapsulate a world that has changed.

Latest ICONICA collection retains a focus on exceptional product performance and aesthetics, with a renewed emphasis on sustainability.

Axalta Coating Systems Ltd. stock has also loss -10.43% of its value over the past 7 days. However, AXTA stock has inclined by 7.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.61% and gained 9.23% year-on date.

The market cap for AXTA stock reached $6.25 billion, with 220.80 million shares outstanding and 219.07 million shares in the current float. Compared to the average trading volume of 2.18M shares, AXTA reached a trading volume of 6073267 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $32.22 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.

RBC Capital Mkts have made an estimate for Axalta Coating Systems Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 17, 2023. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $25 to $40. The new note on the price target was released on January 30, 2023, representing the official price target for Axalta Coating Systems Ltd. stock. Previously, the target price had yet another raise from $30.29 to $35.19, while Citigroup kept a Buy rating on AXTA stock.

The Average True Range (ATR) for Axalta Coating Systems Ltd. is set at 0.90, with the Price to Sales ratio for AXTA stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 4.23, with the Price to Cash per share for the same quarter was set at 2.87. Price to Free Cash Flow for AXTA in the course of the last twelve months was 43.70 with Quick ratio for the last quarter at 1.30.

AXTA stock trade performance evaluation

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 -10.43. With this latest performance, AXTA shares dropped by -4.95% in over the last four-week period, additionally plugging by 9.61% over the last 6 months – not to mention a rise of 17.53% 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 37.74, with the RSI for the last a single of trading hit 30.54, and the three-weeks RSI is set at 42.92 for Axalta Coating Systems Ltd. [AXTA]. The present Moving Average for the last 50 days of trading for this stock 28.78, while it was recorded at 29.19 for the last single week of trading, and 25.74 for the last 200 days.

Axalta Coating Systems Ltd. [AXTA]: An insightful look at the core 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 +9.24 and a Gross Margin at +26.57. Axalta Coating Systems Ltd.’s Net Margin is presently recorded at +3.92.

Return on Equity for this stock inclined to 13.01, with Return on Assets sitting at 2.68.

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.

Earnings per share (EPS) analysis for Axalta Coating Systems Ltd. [AXTA] stock

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 9.22%.

Axalta Coating Systems Ltd. [AXTA]: Insider Ownership positions

There are presently around $6,323 million, in the hands of institutional investors. The top three institutional holders of AXTA stocks are: VANGUARD GROUP INC with ownership of 21,127,131, which is approximately 1.843% of the company’s market cap and around 0.79% of the total institutional ownership; BOSTON PARTNERS, holding 17,892,171 shares of the stock with an approximate value of $497.76 million in AXTA stocks shares; and BARROW HANLEY MEWHINNEY & STRAUSS LLC, currently with $457.55 million in AXTA stock with ownership of nearly -1.304% of the company’s market capitalization.

Positions in Axalta Coating Systems Ltd. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 157 institutional holders increased their position in Axalta Coating Systems Ltd. [NYSE:AXTA] by around 17,375,687 shares. Additionally, 144 investors decreased positions by around 19,536,757 shares, while 41 investors held positions by with 190,370,638 shares. The mentioned changes placed institutional holdings at 227,283,082 shares, according to the latest SEC report filing. AXTA stock had 69 new institutional investments in for a total of 2,882,528 shares, while 29 institutional investors sold positions of 2,763,977 shares during the same period.


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