Unorthodox Volume Noted for Axalta Coating Systems Ltd. (NYSE:AXTA)
Oct 20 2016 by Johnny Bowman
Axalta Coating Systems Ltd. (NYSE:AXTA)'s market cap, the total dollar value of all of their outstanding shares, is 6332.17m.
Axalta Coating Systems Ltd. on 9/30/2016 reported its EPS as $0.34 with the analysts projecting the EPS of the stock as $0.35. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It develops, markets and supplies a portfolio of coatings systems and color matching technologies.
06/24/2016 - Axalta Coating Systems Ltd. had its "outperform" rating reiterated by analysts at Robert W. Baird.
Axalta Coating Systems Ltd.is expected* to report earnings on 10/27/2016 before market open. The 1 year EPS growth rate is 0.63. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.
If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 5.50 and average price target of 1.57.
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According to Zacks, "Axalta Coating Systems Ltd.is a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems". The stock's 50 day moving average is $27.81 and its 200 day moving average is $28.10. The company rocked its 52-Week High of $30.45 on April 20, 2016 and touched its 52-Week Low of $20.67 on Feb 9, 2016. The 10 analysts gave Hold ratings in recent rating and 1 stands at "Underweight" position.
Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 26th. "0" brokerage firms have rated the company as a "Hold". The business earned $1.07 billion during the quarter, compared to analysts' expectations of $1.07 billion. The firm's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter past year, the firm earned $0.35 EPS. Its last 5-Year EPS growth stands at -24.10%; with earnings growth of 72.30% yoy. The difference between the expected and actual EPS was $-0.01/share, which represents an Earnings surprise of -2.9%. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
In related news, major shareholder V General Partner L.L.C. Cp sold 41,621,996 shares of the company's stock in a transaction that occurred on Tuesday, August 2nd. The disclosure for this sale can be found here.
A number of Wall Street analysts recently commented on the stock. The total volume of shares traded was above their three months average volume of 2,229,380 shares. Shell Asset Management Co. boosted its stake in shares of Axalta Coating Systems by 18.4% in the second quarter. Daiwa Securities Group Inc. now owns 4,000 shares of the company's stock valued at $106,000 after buying an additional 900 shares in the last quarter. The company's System Solutions Group segment supplies analog and mixed signal ICs, digital signal processors, analog and digital tuners, intelligent power modules, and memory and discrete semiconductors. On average, equities analysts anticipate that Axalta Coating Systems Ltd. will post $1.16 earnings per share for the current year. Tredje AP fonden purchased a new stake in shares of Axalta Coating Systems during the second quarter worth $122,000. Royal Bank of Canada increased its stake in Axalta Coating Systems by 3.5% in the first quarter. Finally, Credit Suisse Group AG reiterated an "outperform" rating and issued a $32.00 price objective on shares of Axalta Coating Systems in a research note on Monday, June 27th. The company serves original equipment manufacturers, distributors, and electronic manufacturing service providers.