Axalta Coating Systems Ltd. (NYSE:AXTA) finished Wednesday with an addition of $0.25 to close at $30.83, an upside of 0.82 percent. An average of 2,103,680 shares of common stock have been traded in the last five days. There was a gain of $1.66 in the past week. The last 20 days have seen an average of 2,712,595 shares traded, while the 50-day average volume stands at 2,371,544.
AXTA stock has increased by 6.46% in the last month. The company shares reached their 1-month lowest point of $27.72 on 09/20/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $24.38 and a high of $34.20 in 52 weeks. In spite of this, the price is down -9.85% from the 52-week high.
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76 days have passed since Axalta Coating Systems Ltd. (AXTA) last reported insider trading activity. SNYDER BARRY S, who is SVP,Chief Ops & Sup Chain Offc, most recently acquired $865 shares at $30.14 per share on Jul 30. In this transaction, the insider spent $26,071. SVP,Chief Ops & Sup Chain Offc, SNYDER BARRY S, disposed of 17,560 shares at a price of $32.00 on Apr 21. The insider now owns more than $561,920 worth of shares. Prior to that, Director MCLAUGHLIN ROBERT M went on to Sale 35,000 shares at $28.36 each on Nov 18. An amount of $992,600 was transacted.
Axalta Coating Systems Ltd. (AXTA) has a trailing price-to-earnings (P/E) ratio of 24.64, which compares with the 17.00 for the broader industry and 13.61 for the sector. In the last five years, Axalta Coating Systems Ltd.’s PE ratio has ranged between 253.15 and 12.90. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.63, the price-to-book (PB) ratio at 4.82, and the price-to-cash flow ratio at 12.48.
The quick ratio of Axalta Coating Systems Ltd. for the three months ended June 29 was 2.00, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.56 and a total debt to equity ratio of 2.59 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 35.90% against a 5-year average of 35.5%. Axalta Coating Systems Ltd.’s EBITDA margin for the year ending June 29 is 18.91%, while its operating margin for the same period stands at 12.00%. Its gross profit as reported stood at $1.28 billion compared to revenue of $3.74 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Axalta Coating Systems Ltd.’s return on assets was 4.10%, compared to 1.9% over the last five years. In the past year, the return on investment has been 5.10%, and the 5-year average is 5.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 20.90% and the 5-year average holds at 10.3%. For the broader industry, ROE averaged 8.64 over the past year.
The analyst consensus anticipated Axalta Coating Systems Ltd.’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.48, a 4.30% surprise. For the quarter, EBITDA amounted to $271.4 million. Shareholders own equity worth $230.16 million.
From a technical analysis perspective, let’s take a brief look at Axalta Coating Systems Ltd. (AXTA) price momentum. RSI 9-day as of the close on 13 October was 69.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.03%.
As of today, AXTA’s price is $30.54 +5.69% or $1.66 from its 5-day moving average. AXTA is currently trading +5.76% higher than its 20-day SMA and -2.00% lower than its 100-day SMA. However, the stock’s current price level is +1.95% above the SMA50 and +8.63% above the SMA200.
The stochastic %K and %D were 86.93% and 87.56%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 93.98% and the average true range at 0.63, the RSI (14) stands at 62.20%. The stock has reached 0.72 on the 9-day MACD Oscillator while the 14-day reading was at 0.76.
Mizuho launched coverage on Axalta Coating Systems Ltd. (NYSE: AXTA) in its analyst report released on October 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Axalta Coating Systems Ltd. (AXTA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AXTA, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.
What is AXTA’s price target for the next 12 months?
Analysts predict a range of price targets between $30.00 and $48.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Axalta Coating Systems Ltd. (AXTA) stock is $36.94.