Axalta Coating Systems Ltd (NYSE: AXTA): Analyst View Points To Future Growth

Axalta Coating Systems Ltd (AXTA) concluded trading on Wednesday at a closing price of $33.55, with 3.39 million shares of worth about $113.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.60% during that period and on April 3, 2024 the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 220.10M shares, out of which, 219.26M shares are available for trading.

Stock saw a price change of 0.27% in past 5 days and over the past one month there was a price change of 2.60%. Year-to-date (YTD), AXTA shares are showing a performance of -1.24% which increased to 10.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.03 but also hit the highest price of $34.53 during that period. The average intraday trading volume for Axalta Coating Systems Ltd shares is 1.97 million. The stock is currently trading 0.32% above its 20-day simple moving average (SMA20), while that difference is up 2.75% for SMA50 and it goes to 9.12% higher than SMA200.

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Axalta Coating Systems Ltd (NYSE: AXTA) currently have 220.10M outstanding shares and institutions hold larger chunk of about 99.39% of that.

The stock has a current market capitalization of $7.39B and its 3Y-monthly beta is at 1.51. PE ratio of stock for trailing 12 months is 27.83, while it has posted earnings per share of $1.21 in the same period. Its PEG reads 2.11 and has Quick Ratio of 1.46 while making debt-to-equity ratio of 2.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AXTA, volatility over the week remained 1.59% while standing at 1.47% over the month.

Stock’s fiscal year EPS is expected to rise by 19.84% while it is estimated to increase by 14.00% in next year. EPS is likely to grow at an annualized rate of 13.20% for next 5-years, compared to annual growth of 7.16% made by the stock over the past 5-years.

Coverage by UBS stated Axalta Coating Systems Ltd (AXTA) stock as a Neutral in their note to investors on January 08, 2024, suggesting a price target of $36 for the stock. On June 14, 2023, Citigroup Initiated their recommendations, while on February 17, 2023, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $36. Stock get a Buy rating from Deutsche Bank on January 30, 2023.

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