Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27.
AXTA has been the subject of several other reports. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned "Buy" rating by Robert W. Baird on Monday, October 30. BidaskClub downgraded shares of Axalta Coating Systems from a sell rating to a strong sell rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, October 19th. As per Tuesday, November 28, the company rating was maintained by KeyBanc Capital Markets. The average twelve-month price objective among brokers that have issued ratings on the stock in the previous year is $34.00.
Among 21 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 1 Sell and 8 Hold. The stock has a consensus rating of "Hold" and a consensus target price of $33.73.
Shares of Axalta Coating Systems (AXTA) traded down $0.28 during trading hours on Thursday, hitting $32.44. The company had a trading volume of 1,480,000 shares, compared to its average volume of 3,120,000. The company has market cap of $7.98 billion. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems has $40.0 highest and $3.0 lowest target. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/11/q1-2018-earnings-estimate-for-axalta-coating-systems-ltd-axta-issued-by-jefferies-group-updated-updated-updated.html. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of AXTA. Gurufocus.com's news article titled: "Confluence Investment Management Llc Buys Black Knight Inc, Axalta Coating ..." with publication date: January 08, 2018 was also an interesting one. Daiwa Securities Group Inc. now owns 4,000 shares of the company's stock valued at $106,000 after buying an additional 900 shares during the period. Comerica Bank raised its stake in shares of Axalta Coating Systems by 22.6% during the second quarter. Rhumbline Advisers boosted its holdings in shares of Axalta Coating Systems by 25.9% during the 2nd quarter. Rhumbline Advisers now owns 231,310 shares of the specialty chemicals company's stock worth $7,411,000 after acquiring an additional 47,569 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Axalta Coating Systems during the second quarter valued at about $108,000. Bank of New York Mellon Corp now owns 833,165 shares of the specialty chemicals company's stock worth $26,695,000 after acquiring an additional 87,798 shares in the last quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company's stock valued at $179,000 after acquiring an additional 3,837 shares in the last quarter. Institutional investors own 99.21% of the company's stock. The shares were sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares in the company, valued at $3,553,995.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
TRADEMARK VIOLATION NOTICE: "FY2017 EPS Estimates for Axalta Coating Systems Ltd Decreased by Analyst (AXTA)" was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings.