Headlines about Axalta Coating Systems (NYSE:AXTA) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Axalta Coating Systems earned a news impact score of 0.21 on Accern’s scale. Accern also gave media coverage about the specialty chemicals company an impact score of 46.6834599169324 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
Get Axalta Coating Systems alerts: Axalta Coating Systems (AXTA) Set to Announce Quarterly Earnings on Thursday (americanbankingnews.com) Axalta, the Philadelphia Eagles and Stroud Water Research Center Celebrate All-Pro Teachers with a Day of STEM in the Stream (finance.yahoo.com) Axalta Coating Systems Ltd (AXTA) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com) Insider Selling: Axalta Coating Systems Ltd (AXTA) EVP Sells 15,332 Shares of Stock (americanbankingnews.com) Axalta Announces Price Increase on Industrial Coating Technologies in North America (finance.yahoo.com)A number of research firms have weighed in on AXTA. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. JPMorgan Chase & Co. upped their price objective on shares of Axalta Coating Systems from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Nomura reduced their price objective on shares of Axalta Coating Systems from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, July 11th. BMO Capital Markets began coverage on shares of Axalta Coating Systems in a research report on Tuesday, March 27th. They set a “market perform” rating and a $33.00 price objective for the company. Finally, Seaport Global Securities cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.14.
Axalta Coating Systems opened at $30.27 on Friday, Marketbeat Ratings reports. Axalta Coating Systems has a 52-week low of $27.77 and a 52-week high of $38.20. The firm has a market cap of $7.43 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.31. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 2.57.
Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. Axalta Coating Systems had a net margin of 0.94% and a return on equity of 20.56%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities research analysts anticipate that Axalta Coating Systems will post 1.31 EPS for the current fiscal year.
In other news, EVP Steven R. Markevich sold 88,479 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $31.32, for a total transaction of $2,771,162.28. Following the completion of the sale, the executive vice president now owns 323,875 shares of the company’s stock, valued at $10,143,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Markevich sold 15,332 shares of the company’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $29.81, for a total transaction of $457,046.92. Following the sale, the executive vice president now directly owns 190,529 shares of the company’s stock, valued at approximately $5,679,669.49. The disclosure for this sale can be found here. Insiders have sold 619,920 shares of company stock valued at $19,367,798 in the last ninety days. Insiders own 2.30% of the company’s stock.
About Axalta Coating Systems
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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