Citigroup Downgrades Rating On Axalta Coating Systems Ltd. (AXTA) To "Sell"

Lloyd Doyle
October 11, 2017

The firm now has a $28.00 price objective on the specialty chemicals company's stock, down from their previous price objective of $30.00.

Looking into last 5 trades, the stock observed a return of nearly -2.61%. Future earnings predictions are perhaps the most essential input when trying to value a company. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since October 10, 2016 and is uptrending.

Analysts on average have given a price target of $32.53 to Axalta Coating Systems Ltd. (AXTA) stock. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in AXTA's price. They set a "neutral" rating and a $37.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a "buy" rating on shares of Axalta Coating Systems in a report on Thursday, July 6th. (NYSE:PRI), 2 have Buy rating, 0 Sell and 5 Hold. Axalta Coating Systems has $37 highest and $3.0 lowest target.

08/11/2017 - Axalta Coating Systems Ltd. was upgraded to "overweight" by analysts at JP Morgan. Axalta Coating Systems shares last traded at $29.68, with a volume of 6,316,262 shares traded.

02/09/2017 - Axalta Coating Systems Ltd. was downgraded to "hold" by analysts at Gabelli. The company operates in the Basic Materials sector with a market capitalization of 7.11 Million. If we take a long term observation, shares have been trading at a distance of -2.64% from the 200-day moving average.

Axalta Coating Systems (NASDAQ:AXTA) last posted its earnings results on Thursday, August 3rd. As of the last earnings report the EPS was $0.01 and is expected to be $1.30 for the current year with 243,164,000 shares now outstanding. After $1.36 actual EPS reported by Primerica, Inc. for the previous quarter, Wall Street now forecasts 0.74% EPS growth. During the same period in the previous year, the firm earned $0.34 EPS. Axalta Coating Systems's quarterly revenue was up 2.3% on a year-over-year basis.

For the past 5 years, Axalta Coating Systems Ltd.'s EPS growth has been almost -26.2%.

The good news is there's still room for Axalta Coating Systems Ltd. (AXTA) to grow. If you are viewing this story on another website, it was illegally copied and republished in violation of USA & global copyright and trademark laws. Panagora Asset Mngmt accumulated 66,178 shares or 0.02% of the stock. The shares were sold at an average price of $30.00, for a total transaction of $1,046,220.00. Following the sale, the executive vice president now directly owns 201,393 shares of the company's stock, valued at approximately $5,924,982.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In that case, its shares would mark a 2.02% decline from the most recent price.

The company now has an insider ownership of 0.6 Percent and Institutional ownership of 0 Percent. Over the last ninety days, insiders have sold 626,756 shares of company stock valued at $19,580,505. They now have a Dollars 37 price target on the stock. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 703 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Axalta Coating Systems by 217.3% during the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company's stock worth $156,000 after purchasing an additional 3,500 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Axalta Coating Systems by 8,917.7% in the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company's stock worth $179,000 after purchasing an additional 3,837 shares during the last quarter. Voya Investment Management LLC lifted its stake in Axalta Coating Systems by 2,384.0% in the 2nd quarter. A statistical measure of the dispersion of returns (volatility) for AXTA producing salvation in Investors mouth, it has week volatility of 2.23% and for the month booked as 1.36%.

Axalta Coating Systems a holding company. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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