Better Times Ahead For Axalta Coating Systems Ltd (NYSE: AXTA)?

Axalta Coating Systems Ltd (AXTA) concluded trading on Thursday at a closing price of $36.64, with 4.01 million shares of worth about $146.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.02% during that period and on August 01, 2024 the price saw a gain of about 2.78%. Currently the company’s common shares owned by public are about 220.10M shares, out of which, 219.85M shares are available for trading.

Stock saw a price change of 6.20% in past 5 days and over the past one month there was a price change of 7.89%. Year-to-date (YTD), AXTA shares are showing a performance of 7.86% which increased to 13.79% 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 $36.98 during that period. The average intraday trading volume for Axalta Coating Systems Ltd shares is 2.13 million. The stock is currently trading 4.62% above its 20-day simple moving average (SMA20), while that difference is up 4.64% for SMA50 and it goes to 11.76% 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 103.07% of that.

The stock has a current market capitalization of $8.08B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 32.76, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 1.77 and has Quick Ratio of 1.51 while making debt-to-equity ratio of 1.98. 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 2.39% while standing at 2.02% over the month.

Stock’s fiscal year EPS is expected to rise by 26.54% while it is estimated to increase by 14.49% in next year. EPS is likely to grow at an annualized rate of 18.50% 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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