News headlines about Axalta Coating Systems (NASDAQ:AXTA) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Axalta Coating Systems earned a news impact score of 0.23 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 45.47459346566 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Axalta Coating Systems Ltd (AXTA) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- Axalta Coating Systems Ltd (AXTA): PPO Reading Below the Signal Line on This Stock – Stonington Post (blog) (stoningtonpost.com)
- Axalta Launches New High Performance, Protective Industrial Rail Car Coatings (Photo: Axalta) (thestreet.com)
- Axalta Coating : Focuses on Waterborne Coatings for Sustainable Future at The National Polymer Symposium XI in Jakarta, Indonesia (4-traders.com)
A number of equities analysts have recently weighed in on AXTA shares. Bank of America Corporation lowered Axalta Coating Systems from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $36.00 to $30.00 in a research note on Wednesday, June 21st. BidaskClub lowered Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Finally, Susquehanna Bancshares Inc started coverage on Axalta Coating Systems in a research note on Tuesday, July 18th. They set a “neutral” rating and a $37.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Axalta Coating Systems has an average rating of “Hold” and an average target price of $32.14.
Axalta Coating Systems (AXTA) opened at 28.76 on Thursday. The company has a market cap of $6.99 billion and a price-to-earnings ratio of 2876.00. Axalta Coating Systems has a 1-year low of $24.27 and a 1-year high of $34.10. The firm’s 50-day moving average price is $29.07 and its 200-day moving average price is $30.89.
Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $0.34 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Axalta Coating Systems will post $1.13 EPS for the current fiscal year.
In other Axalta Coating Systems news, Director Samuel L. Smolik bought 4,000 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $28.16 per share, with a total value of $112,640.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $112,640. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total transaction of $1,046,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 195,774 shares of company stock worth $5,771,898 in the last three months.
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About Axalta Coating Systems
Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.
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