Published: Fri, October 13, 2017
Business | By Max Garcia

Hot Stocks Report: JAKKS Pacific, Inc. (JAKK), Axalta Coating Systems Ltd. (AXTA)


Axalta Coating Systems Ltd. had its "neutral" rating reiterated by analysts at Instinet.

Analysts on average have given a price target of $32.53 to Axalta Coating Systems Ltd. (AXTA) stock.

Among 18 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 2 Sell and 4 Hold. BidaskClub raised Axalta Coating Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, June 20th. Jefferies Group LLC reissued a "buy" rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th.

On August 11 the stock rating was upgraded from "Neutral" to "Overweight" by JP Morgan. 0 analysts gave its stock an Outperform rating. Currently, the stock has a 1 Year Price Target of $31.88.

Traders are a little more bullish on shares of the company of late if you consider the downtick in short interest.

About 3.33 million shares traded or 50.68% up from the average. Axalta Coating Systems Ltd has a one year low of $24.27 and a one year high of $34.10. Currently, the 7-day moving average is sitting at 29.52.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $6.89B.

Axalta Coating Systems Ltd. (AXTA) have shown a high EPS growth of -26.20% in the last 5 years and has earnings decline of -56.20% yoy. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $994.43 million.

The co's performance for 6 months was slashed of -8.69%, 1-year performance stands at 9.25% and year to date showing isolated positively performance of 5.04%. Axalta Coating Systems's quarterly revenue was up 2.3% on a year-over-year basis. Gabelli also issued estimates for Axalta Coating Systems' FY2020 earnings at $1.70 EPS. Next quarter's EPS is estimated at $0.37 with next year's EPS anticipated to be $1.52. If you are accessing this story on another site, it was stolen and reposted in violation of United States & global trademark and copyright law.

Axalta Coating Systems (NASDAQ:AXTA) last posted its earnings results on Thursday, August 3rd.

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Analysts often use price and volume data to predict future stock performance. The consensus analyst target price is $38.5. William Blair Investment Management, LLC cut its investment by selling 151,273 shares a decrease of 3.0%. The disclosure for this sale can be found here. (WTI) has a market cap of $412.7 million and over the last 12 months, W&T Offshore, Inc.

Several institutional investors and hedge funds have recently made changes to their positions in AXTA.

While looking at the Stock's Performance, Axalta Coating Systems Ltd. now shows a Weekly Performance of -3.38%, where Monthly Performance is -1.72%, Quarterly performance is -13.66%, 6 Months performance is -8.69% and yearly performance percentage is 9.25%. Following the completion of the transaction, the vice president now owns 4,088 shares of the company's stock, valued at $128,158.80. Bessemer Group Inc. now owns 2,760,779 shares of the specialty chemicals company's stock valued at $88,456,000 after acquiring an additional 2,760,281 shares during the last quarter.

06/21/2017 - Axalta Coating Systems Ltd. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. The company's quarterly revenue was up 2.3% compared to the same quarter past year. Voya Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 2,384.0% in the 2nd quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

In other news, Director Samuel L. Smolik acquired 4,000 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, August 7th.

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) traded down -0.66% in the last session while performance was up 28.57% in the last five days.

The company said the updated guidance reflects the expected impact of recent natural disasters, distributor working capital adjustments in the company's performance coating segment, and the projected widening gap between raw material input costs and offsetting near-term customer price increases.

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