Economy

Axalta Coating Systems' (NASDAQ:AXTA) "Buy" Rating Reaffirmed at Jefferies Group LLC

Axalta Coating Systems' (NASDAQ:AXTA)

In terms of a technical look around Axalta Coating Systems Ltd. (AXTA) stock price comparison to its moving averages, shares of company spotted the move of -12.32% isolated from the 50-day moving average and derived -10.77% away from 20-day moving average in the most recent session.

VP Corp Fin & Controller, PAO Sean M. Lannon let go of 5,000 shares at an average price of $33.00 on Friday the 2nd. Through its Transportation Coatings segment, the Company provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles.

TRADEMARK VIOLATION WARNING: "Axalta Coating Systems Ltd (NASDAQ:AXTA) Lifted to Overweight at J P Morgan Chase & Co" was originally posted by BNB Daily and is owned by of BNB Daily. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. This recommendation lands on a scale between 1 and 5. Prudential Financial purchased a fresh position in Axalta Coating Systems during the Q1 valued $210,000. Lastly, Susquehanna Bancshares assumed coverage on stocks of Axalta Coating Systems in a study report on early Tue, Jul 18th. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and set a $36.00 target price on shares of Axalta Coating Systems in a report on Thursday, July 6th. They now have a $36.00 price target on the stock.

The consensus recommendation, according to Zacks Investment research, is 2.07.

6/21/2017 - Axalta Coating Systems was downgraded by analysts at Bank of America Corporation from a "buy" rating to an "underperform" rating.

6/20/2017 - Axalta Coating Systems was upgraded by analysts at BidaskClub from a "hold" rating to a "buy" rating. The company has a market cap of $6.82 billion and a PE ratio of 2804.00.

In related news, EVP Steven R. Markevich sold 30,874 shares of the company's stock in a transaction on Monday, May 15th. Axalta Coating Systems has a 1 year low of $24.27 and a 1 year high of $34.10. the firms 50 Day SMA is $31.82 and its 200 SMA is $31.27. Axalta Coating Systems's revenue for the quarter was up 2.3% on a year-over-year basis.

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Axalta Coating Systems (AXTA) opened at 28.18 on Wednesday. News about a company's financial status, products, or plans, whether positive or negative, will typically result in a temporary increase in the trade volume of its stock.

In the market the company is trading up since yesterday's close of $28.18.

Covering sell-side analysts have recently weighed in on shares of Nordstrom, Inc.

Shares of Axalta Coating Systems (NASDAQ:AXTA) traded up 1.95% during midday trading on Friday, reaching $28.73. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $112,640. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.39 by $0.08. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) has "Outperform" rating given on Wednesday, October 14 by RBC Capital Markets.

The High Revenue estimate is predicted as 1.16 Million, while the Low Revenue Estimate prediction stands at 1.07 Million. On average, equities research analysts predict that Axalta Coating Systems will post $1.31 EPS for the current year. Mn Services Vermogensbeheer B.V. has an ownership of 5,772 stocks of the specialty chemicals firms shares valued $174,000 after scooping up an extra 294 stocks in the previous period. Next quarter's EPS is forecasted to be $0.39 and the next full year EPS is anticipated to be $1.57.

Tightening the gaze, stock performance for the last 5 trading days is -3.66%. Volume on the day was 3.97 million shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The disclosure for this purchase can be found here. Axalta Coating Systems Ltd. (AXTA)'s RSI (Relative Strength Index) is 22.19. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The company achieved year to date performance of 4.08% and disseminated yield of -3.84% for the past six months. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.


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