Published: Fri, October 13, 2017
Finance | By Loren Pratt

Jefferies Group Analysts Reduce Earnings Estimates for Axalta Coating Systems Ltd (AXTA)


By digging out more, for short-term or active investment approach moving average with a short time frame will react much quicker to price changes interpretation. Gabelli analyst C. Jolly now expects that the specialty chemicals company will post earnings per share of $1.25 for the year, down from their previous forecast of $1.40. RBC Capital Markets maintained Axalta Coating Systems Ltd (NYSE:AXTA) rating on Monday, August 7.

Another recent and important Axalta Coating Systems Ltd (NYSE:AXTA) news was published by Nasdaq.com which published an article titled: "Steven Romick Buys Tencent Holdings, Porsche Automobil Holding SE, Axalta ..." on October 06, 2017. Jefferies Group LLC reissued a "buy" rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th.

Axalta Coating Systems (NASDAQ:AXTA) last issued its quarterly earnings results on Thursday, August 3rd. They set a "neutral" rating and a $37.00 price objective for the company. The stock has an average rating of "Hold" and a consensus target price of $32.23. The firm has fifty days moving average percentage of -2.20% to its latest price change.

The High Revenue estimate is predicted as 1.15 Million, while the Low Revenue Estimate prediction stands at 1.07 Million. The stock has a 50 day moving average of $29.20 and a 200 day moving average of $31.01.

The most current P/E ratio is 2836.500 and the market cap of the company is 6.90B.


Institutions own - of Axalta Coating Systems Ltd. (AXTA)'s shares.

AXTA is now undervalued by -12.17% relative to the average 1-year price target of $32.53 taken from a group of Wall Street Analysts. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%.

12/02/2016 - Axalta Coating Systems Ltd. was downgraded to "hold" by analysts at Vertical Group. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. Next quarter's EPS is estimated at $0.37 with next year's EPS anticipated to be $1.52. The stock has "Equal-Weight" rating by Barclays Capital on Friday, August 4. If you are accessing this story on another site, it was stolen and reposted in violation of U.S. & global trademark and copyright law. Coatings sold $1,046,220 worth of shares at an average price of $30.00 on October 5th. The stock volatility for the week was 2.39% while for the month was 1.39%. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The shares were sold at an average price of $29.37, for a total value of $4,699,200.00. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company's stock valued at $146,000 after acquiring an additional 703 shares during the period. The disclosure for this sale can be found here. Axalta Coating Systems's revenue for the quarter was up 2.3% compared to the same quarter a year ago. 34 funds opened positions while 76 raised stakes.

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%. BlackRock Inc. now owns 18,564,446 shares of the specialty chemicals company's stock valued at $597,775,000 after acquiring an additional 18,280,429 shares during the last quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The rating was downgraded by Bank of America on Wednesday, June 21 to "Underperform". Acrospire Investment Management LLC lifted its holdings in shares of Axalta Coating Systems by 257.0% in the 2nd quarter. A low price-to-sales ratio, typically less than 1.0, is considered a good value.

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