Analyst Research Summary: Axalta Coating Systems Ltd. (NYSE:AXTA)
Axalta Coating Systems Ltd. (NYSE:AXTA) stock is presently standing at about $31.35 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 17 analysts covering the company is $33.00, which suggests the stock could still rise over 5 percent. The highest analyst price target is $36.00, which implies a rally of 85 percent. And a quick view of analyst notes show that 8 are rating the stock a buy while 3 rate AXTA a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
Gabelli & Co analysts provided their view on Axalta Coating Systems Ltd. (NYSE:AXTA) recently. The rating firm issued a Hold rating to this company in a research note released on Feb 09, 2017. Citigroup analysts disclosed their opinion on Axalta Coating Systems Ltd. (NYSE:AXTA) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 09, 2017. According to a research note disclosed on Jul 27, 2016, analysts at Seaport Global Securities have upped their rating on these shares from Accumulate to Buy.
Axalta Coating Systems Ltd. (NYSE:AXTA) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its SVP&Chief Human Resources Off. McDougall Joseph F. sold 40,000 company shares for 1171600, in a transaction on 2017-03-06. Following the transaction, the SVP&Chief Human Resources Off. is left with a stake of 119,276 shares, currently valued at $3739303. Meanwhile, EVP & CFO Bryant Robert W. sold 17,709 shares worth $518870, through a transaction dated 2017-03-03. Following the completion of the transaction, the insider is left with a stake of 253,971 shares, amounting $7961990.85. AXTA SVP&Chief Human Resources Off. McDougall Joseph F. also sold 1,440 shares, at a stock price of $29.48. This transaction occurred on 2017-02-03 totals $42450. After this transaction, the insider’s stake stands at 96,380 shares, with a market value of $3021513.
Executives hold 0.75 percent of the stock. Charles W. Shaver is one of the biggest insider owners in Axalta Coating Systems Ltd. (NYSE:AXTA), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 708,394 shares which have current market value of around $22208151.9.Mr. Robert W. Bryant is another major inside shareholder in the company. The insider owns 253,971 shares as of 0.11%, currently worth $7961990.85. Mr. Steven R. Markevich is ranked as third insider holder of the stock. This insider holds 233,167 shares with a market value around $7309785.45 as of recent close.
Axalta Coating Systems Ltd. (NYSE:AXTA) Earnings Outlook
In Axalta Coating Systems Ltd. (NYSE:AXTA)’s latest quarter, EPS moved to $0.28 from $0.32 in preceding quarter and revenues reached at $1,029.40M compared to $1,029.10M. Analysts had expected Axalta Coating Systems Ltd. (NYSE:AXTA) to post net income of about $0.29 per share on $1,022.12M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.20 to $0.31. That is compared with the $0.17 in EPS it reported during the same period a year ago.