Axalta Coating Systems Ltd (NYSE:AXTA) CEO Robert W. Bryant sold 2,319 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $25.92, for a total transaction of $60,108.48. Following the transaction, the chief executive officer now directly owns 176,956 shares in the company, valued at $4,586,699.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Axalta Coating Systems stock opened at $26.04 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.63 and a debt-to-equity ratio of 2.86. Axalta Coating Systems Ltd has a 52-week low of $21.58 and a 52-week high of $33.30. The company has a market capitalization of $6.22 billion, a PE ratio of 20.19, a PEG ratio of 1.49 and a beta of 1.25.
Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Axalta Coating Systems had a net margin of 4.42% and a return on equity of 21.75%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned ($0.26) earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts predict that Axalta Coating Systems Ltd will post 1.34 EPS for the current year.
Several research analysts have commented on AXTA shares. Nomura decreased their price target on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Zacks Investment Research downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. UBS Group set a $32.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Thursday, December 20th. Credit Suisse Group set a $34.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Thursday, December 13th. Finally, Bank of America raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.30.
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Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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