The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) decreased by -$0.34 on Tuesday to finish at $27.90, down -1.20 percent. The last five days have seen an average of 2,244,160 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $2.43. The average number of shares traded over the last 20 days was 2,924,545, while the average volume over the last 50 days totaled 2,462,378.
AXTA stock dropped -15.15% since last month. On 08/15/23, the company’s shares reached a one-month low of $27.79. The stock touched a high of $33.68 on 07/13/23, after rallying from a low of $20.66 in 52 weeks. The price of AXTA stock has risen by 9.54% or $2.43 this year, reaching a new high 22 times. Still, the stock price is down -17.16% from the 52-week high.
Insider Transactions
AXTA stock investors should be aware that Axalta Coating Systems Ltd. (AXTA) stock had its last reported insider trading activity 7 days ago on Aug 09. On Aug 09, SVP & CHRO Scanlan Jacqueline sold 17,008 shares at $29.48 each. This transaction resulted in the insider making $501,396. On Aug 04, Villavarayan Chris added 33,710 shares at a price of US$29.67. After the transaction, the insider now owns 68,150 shares. Director COOK WILLIAM M had earlier bought 2,500 shares on Mar 14 for $29.55 a share. The transaction was completed for $73,875.
Valuation Metrics
Axalta Coating Systems Ltd. (AXTA) has a trailing price-to-earnings (P/E) ratio of 27.22. Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.24, the price-to-book (PB) ratio of 3.76, and the price-to-cash flow ratio of 24.96.
Financial Health
For the three months ended June 29, Axalta Coating Systems Ltd.’s quick ratio was 1.40, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.15, and the total debt to equity ratio is 2.17. As far as profitability goes, gross margin for the trailing twelve months is 29.80% percent. Axalta Coating Systems Ltd.’s EBITDA margin for the year ended June 29 was 15.45%, whereas its operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $1.42 billion and revenue of $4.88 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AXTA’s return on assets (ROA) during the last 12 months has been 3.30%. There was a 6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.30%.
Earnings Surprise
According to Axalta Coating Systems Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.29 billion, while revenues rose by 4.56% to $1.28 billion. It was predicted that Axalta Coating Systems Ltd.’s quarterly earnings would be $0.35, but it ended up being $0.38, beating the consensus by -7.90%. EBITDA was $206.1 million for the quarter. At the end of Axalta Coating Systems Ltd.’s most recent quarter ended June 29, its liabilities totaled 5.35 billion, while its total debt was $3.57 billion. Equity owned by shareholders amounts to $221.7 million.
Technical Picture
Here’s a quick look at Axalta Coating Systems Ltd.’s (AXTA) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 19.13%, suggesting the stock is oversold, with a 40.27% historical volatility rate.
The stochastic %K and %D were 3.39% and 4.61% respectively, while the average true range (ATR) was 0.78. Based on the 14-day stochastic reading of 2.14%, the RSI (14) reading is 25.87%. On the 9-day MACD Oscillator, the stock is at -0.60, and the 14-day reading is at -1.63.
Analyst Ratings
In its analyst report released on June 14, 2023, Citigroup began covering Axalta Coating Systems Ltd. (NYSE: AXTA). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Axalta Coating Systems Ltd. (AXTA) an Overweight rating. AXTA is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is AXTA’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.00 and $38.00, with a median target price of $35.00. In analyzing these forecasts, the average price target given by analysts for Axalta Coating Systems Ltd. (AXTA) is $34.17.
