Following The Money: Institution’s Growing Stake In Axalta Coating Systems Ltd (NYSE: AXTA)

Axalta Coating Systems Ltd (AXTA) concluded trading on Wednesday at a closing price of $38.32, with 5.36 million shares of worth about $205.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.01% during that period and on October 30, 2024 the price saw a gain of about 8.22%. Currently the company’s common shares owned by public are about 220.10M shares, out of which, 218.47M shares are available for trading.

Stock saw a price change of 8.68% in past 5 days and over the past one month there was a price change of 7.52%. Year-to-date (YTD), AXTA shares are showing a performance of 12.81% which increased to 48.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.49 but also hit the highest price of $37.78 during that period. The average intraday trading volume for Axalta Coating Systems Ltd shares is 1.94 million. The stock is currently trading 6.06% above its 20-day simple moving average (SMA20), while that difference is up 6.95% for SMA50 and it goes to 11.77% 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 100.75% of that.

The stock has a current market capitalization of $8.40B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 28.35, while it has posted earnings per share of $1.35 in the same period. Its PEG reads 1.48 and has Quick Ratio of 1.70 while making debt-to-equity ratio of 2.03. 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 1.86% while standing at 1.72% over the month.

Stock’s fiscal year EPS is expected to rise by 33.19% while it is estimated to increase by 12.90% in next year. EPS is likely to grow at an annualized rate of 19.21% 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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