Axalta Coating Systems Ltd. (NYSE:AXTA) finished Thursday with a subtraction of -$0.23 to close at $28.71, a downside of -0.79 percent. An average of 2,523,460 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 2,894,645 shares traded, while the 50-day average volume stands at 2,471,822.
AXTA stock has decreased by -14.38% in the last month. The company shares reached their 1-month lowest point of $28.42 on 08/10/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $20.66 and a high of $33.68 in 52 weeks. It has reached a new high 22 times so far this year and achieved 12.72% or $3.24 in price. In spite of this, the price is down -14.76% from the 52-week high.
Valuation Metrics
Axalta Coating Systems Ltd. (AXTA) has a trailing price-to-earnings (P/E) ratio of 28.01. The stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.26, the price-to-book (PB) ratio at 3.87, and the price-to-cash flow ratio at 25.36.
Financial Health
The quick ratio of Axalta Coating Systems Ltd. for the recent quarter was 1.40, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.15 and a total debt to equity ratio of 2.17 for the recent quarter. Axalta Coating Systems Ltd.’s EBITDA margin is 15.45%, while its operating margin for the same period stands at 9.50%. Its gross profit as reported stood at $1.42 billion compared to revenue of $4.88 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 3.30%.
Earnings Surprise
For the recent quarter, Axalta Coating Systems Ltd. had $3.53 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.9 million in the quarter, while revenues were grew 27.59%. Shareholders own equity worth $221.7 million.
Technical Picture
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 10 August was 24.05%, suggesting the stock is oversold, with historical volatility in this time frame at 43.74%.
As of today, AXTA’s price is $29.02 -1.20% or -$0.35 from its 5-day moving average. AXTA is currently trading -13.94% lower than its 20-day SMA and +3.09% higher than its 100-day SMA. However, the stock’s current price level is -4.17% below the SMA50 and +21.86% above the SMA200.
The stochastic %K and %D were 9.96% and 12.37%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 6.43% and the average true range at 0.87, the RSI (14) stands at 29.80%. The stock has reached -0.83 on the 9-day MACD Oscillator while the 14-day reading was at -1.78.
Analyst Ratings
Citigroup launched coverage on Axalta Coating Systems Ltd. (NYSE: AXTA) in its analyst report released on June 14, 2023. The firm assigned the stock a Buy rating. The consensus rating for Axalta Coating Systems Ltd. (AXTA) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm 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 2 analysts, while 11 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 $29.00 and $38.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Axalta Coating Systems Ltd. (AXTA) stock is $34.17.
