Is Axalta Coating Systems Ltd. (AXTA) Good For Your Portfolio?

Axalta Coating Systems Ltd. (NYSE:AXTA) saw a downside of -0.26% to close Monday at $30.54 after subtracting -$0.08 on the day. The 5-day average trading volume is 2,065,680 shares of the company’s common stock. It has gained $30.96 in the past week. An average of 2,716,060 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,385,528.

AXTA’s 1-month performance is 5.46% or $1.58 on its low of $27.72 reached on 09/20/21. The company’s shares have touched a 52-week low of $24.38 and high of $34.20, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, AXTA has achieved 6.97% or $1.99. However, the current price is down -10.70%% from the 52-week high price.

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Insider Transactions

On Jul 30, 74 days have gone by since the last insider trading activity for Axalta Coating Systems Ltd. (AXTA). SNYDER BARRY S (SVP,Chief Ops & Sup Chain Offc) most recently sold 865 shares at $30.14 per share on Jul 30. This transaction cost the insider $26,071. SVP,Chief Ops & Sup Chain Offc, SNYDER BARRY S, sold 17,560 shares at a price of $32.00 on Apr 21. Then, on Nov 18, Director MCLAUGHLIN ROBERT M sold 35,000 shares at a price of $28.36 per share. This transaction amounted to $992,600.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 253.15 and a low of 12.90. AXTA stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.61 while the price-to-book (PB) in the most recent quarter is 4.77, with the price to cash flow ratio at 12.37.

Axalta Coating Systems Ltd.’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.50 meaning that AXTA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.56, while the total debt to equity was 2.59. In terms of profitability, the gross margin trailing 12 months is 35.90%. The trailing 12-month EBITDA margin is 18.91% while for the period ending June 29; Axalta Coating Systems Ltd.’s operating margin was 12.00%. The firm’s gross profit as reported stood at $1.28 billion against revenue of $3.74 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AXTA to announce $0.46 per share in earnings in its latest quarter, but it posted $0.48, representing a 4.30% surprise. EBITDA for the quarter stood at more than $271.4 million. AXTA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.67 billion, with total debt at $3.9 billion. Shareholders hold equity totaling $230.16 million

Technical Picture

Let’s look briefly at Axalta Coating Systems Ltd. (AXTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 65.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.52%.

The stock’s 5-day moving average is $29.93, reflecting a +5.13% or $1.49 change from its current price. AXTA is currently trading +4.30% above its 20-day SMA, -4.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.46% and +7.12% respectively.

Stochastic %K and %D was 88.49% and 77.35% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 59.58%, while the 14-day stochastic is at 83.23% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at 0.75 and 0.77 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Axalta Coating Systems Ltd. (NYSE: AXTA), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for AXTA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AXTA as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.

What is AXTA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $30.00 and a high of $48.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Axalta Coating Systems Ltd. (AXTA) stock is $36.81.


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