News articles about Axalta Coating Systems (NYSE:AXTA) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Axalta Coating Systems earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 45.9830820424041 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Gabelli Comments on Axalta Coating Systems Ltd’s FY2020 Earnings (AXTA) (americanbankingnews.com)
- 2018 Winter Olympic Athletes Will Sport Axalta Coatings (finance.yahoo.com)
- Axalta Coating Systems Ltd to Post Q4 2018 Earnings of $0.44 Per Share, KeyCorp Forecasts (AXTA) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Axalta Coating Systems Ltd (AXTA) Reduced by Seaport Global Securities (americanbankingnews.com)
- Axalta Coating Systems Ltd to Post Q1 2018 Earnings of $0.23 Per Share, Jefferies Group Forecasts (AXTA) (americanbankingnews.com)
Shares of Axalta Coating Systems (NYSE:AXTA) traded up $0.57 during trading on Friday, reaching $30.57. The company had a trading volume of 3,065,027 shares, compared to its average volume of 1,987,225. Axalta Coating Systems has a 12 month low of $27.77 and a 12 month high of $38.20. The stock has a market cap of $7,456.02, a PE ratio of 235.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.38. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.
Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. Axalta Coating Systems’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business posted ($0.16) EPS. equities research analysts anticipate that Axalta Coating Systems will post 1.35 EPS for the current year.
AXTA has been the topic of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $40.00 price target (up previously from $36.00) on shares of Axalta Coating Systems in a report on Tuesday, November 28th. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b-” rating in a research report on Wednesday, November 15th. Robert W. Baird reiterated a “buy” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research report on Monday, October 30th. Citigroup upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Axalta Coating Systems in a research report on Monday, October 30th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.53.
In related news, EVP Steven R. Markevich sold 3,125 shares of Axalta Coating Systems stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $30.58, for a total value of $95,562.50. Following the sale, the executive vice president now directly owns 199,628 shares in the company, valued at $6,104,624.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Michael F. Finn sold 3,950 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the sale, the senior vice president now owns 108,818 shares in the company, valued at $3,553,995.88. The disclosure for this sale can be found here. In the last three months, insiders sold 473,902 shares of company stock worth $14,498,467. Corporate insiders own 2.30% of the company’s stock.
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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