Trading volume for Axalta Coating Systems Ltd. was 6.32 Million in its previous trading session. Nomura's target price gives a possible downside of -1.89 % from the current price of the company. The specialty chemicals company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.08).
AXTA has been the subject of several other reports. Gabelli initiated Axalta Coating Systems Ltd (NYSE:AXTA) on Thursday, September 1 with "Buy" rating.
In a research report made public on Tuesday, 10 October, The "Neutral" rating of Axalta Coating Systems Ltd. Common Shares (NYSE:AXTA) shares was kept by Analysts at Nomura, who now has a $28 target price on the stock. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Jefferies upgraded Axalta Coating Systems Ltd (NYSE:AXTA) on Tuesday, February 16 to "Buy" rating.
On July 18 analysts at Susquehanna started covering AXTA with a rating of "Underperform". Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and global trademark and copyright laws. The value of the investment in Axalta Coating Systems Ltd. increased from $10,560,000 to $8,649,582,000 increasing 81,808.9% quarter over quarter.
Institutions own 100.08% of Axalta Coating Systems Ltd. (AXTA)'s shares. The company has a market cap of $6.99 billion and a P/E ratio of 2876.00.
AA disclosed surged trend during the previous trading day. They expect $1.37 EPS, up 12.30% or $0.15 from last year's $1.22 per share. Earnings per share serves as an indicator of a company's profitability. Leith Wheeler Investment Counsel Ltd. now holds 78,518 shares worth $2,304,000. The company has market cap of $11.05 billion.
Tuesday Morning Corporation (NASDAQ:TUES) had a decrease of 1.38% in short interest. The company's revenue was up 2.3% compared to the same quarter past year. Michael A. Cash, SVP & Pres., Indus. Coatings let go of $1,046,220 worth of shares at an average price of $30.00 on October 5th. A total volume of 6.32 million shares were traded versus to average volume of 2.24 million shares. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at approximately $112,640. The disclosure for this sale can be found here.
Looking into last 5 trades, the stock observed a return of nearly -2.61%.
Institutional investors have recently added to or reduced their stakes in the company. The stock grabbed 44 new institutional investments totaling 9,107,664 shares while 38 institutional investors sold out their entire positions totaling 5,535,886 shares. Engineers Gate Manager LP increased its stake in shares of Axalta Coating Systems by 46.7% during the 2nd quarter. The total value of these holdings, in millions, is $7,223.
In related news, EVP Steven R. Markevich sold 160,000 shares of the business's stock in a transaction dated Friday, September 1st. Commonwealth Bank of Australia lifted its stake in Axalta Coating Systems by 18.1% during the 2nd quarter.
Ownership trends and trading patterns can be useful tools for predicting a stock's performance, but it's also important to consider the technicals in order to form a more comprehensive view.
Is Axalta Coating Systems Ltd. (NYSE:AXTA) Cheap From Peers? The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.