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An Analysis Of Axalta Coating Systems Ltd. (AXTA) Stock

Axalta Coating Systems Ltd. (NYSE:AXTA) has a beta value of 1.42 and has seen 1.3 million shares traded in the recent trading session. The company, currently valued at $7.14B, closed the recent trade at $31.40 per share which meant it gained $0.19 on the day or 0.59% during that session. The AXTA stock price is -8.92% off its 52-week high price of $34.20 and 22.36% above the 52-week low of $24.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.23 million shares traded. The 3-month trading volume is 2.68 million shares.

The consensus among analysts is that Axalta Coating Systems Ltd. (AXTA) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 18 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.37.

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Axalta Coating Systems Ltd. (NYSE:AXTA) trade information

Sporting 0.59% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 10/19/21 when the AXTA stock price touched $31.40 or saw a rise of 0.63%. Year-to-date, Axalta Coating Systems Ltd. shares have moved 9.32%, while the 5-day performance has seen it change 2.06%. Over the past 30 days, the shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have changed 11.62%. Short interest in the company has seen 5.23 million shares shorted with days to cover at 1.34.

Wall Street analysts have a consensus price target for the stock at $37.00, which means that the shares’ value could jump 15.14% from the levels at last check today. The projected low price target is $30.00 while the price target rests at a high of $48.00. In that case, then, we find that the latest price level in today’s session is -52.87% off the targeted high while a plunge would see the stock lose 4.46% from the levels at last check today.

Axalta Coating Systems Ltd. (AXTA) estimates and forecasts

Figures show that Axalta Coating Systems Ltd. shares have outperformed across the wider relevant industry. The company’s shares have lost -2.41% over the past 6 months, with this year growth rate of 36.09%, compared to 27.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -37.30% and -3.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 20.40%.

14 analysts offering their estimates for the company have set an average revenue estimate of $1.13 billion for the current quarter. 14 have an estimated revenue figure of $1.18 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $1.03 billion and $1.07 billion respectively for this quarter and the next, and analysts expect sales will grow by 10.30% for the current quarter and 9.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.70% over the past 5 years. Earnings growth for 2021 is a modest -51.20% while over the next 5 years, the company’s earnings are expected to increase by 20.20%.

AXTA Dividends

Axalta Coating Systems Ltd. is expected to release its next earnings report between October 19 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Axalta Coating Systems Ltd. (NYSE:AXTA)’s Major holders

Insiders own 0.22% of the company shares, while shares held by institutions stand at 102.09% with a share float percentage of 102.31%. Investors are also buoyed by the number of investors in a company, with Axalta Coating Systems Ltd. having a total of 505 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 19.49 million shares worth more than $576.5 million. As of Mar 30, 2021, Blackrock Inc. held 8.37% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 19.36 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $572.6 million and represent 8.31% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.54% shares in the company for having 5.92 million shares of worth $175.25 million while later fund manager owns 5.14 million shares of worth $152.1 million as of Mar 30, 2021, which makes it owner of about 2.21% of company’s outstanding stock.

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