Axalta Coating Systems (AXTA) Stock Price, News & Analysis

Company Overview

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings. It also offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. In addition, the company provides functional and decorative liquid, and powder coatings used in various industrial applications, including building materials, cabinet, wood and luxury vinyl flooring and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Ceranamel, Industrial, Corlar Industrial, Tufcote, Imron Industrial, Alesta, Teodur, Nap-Gard, Abcite, and Plascoat brands for powder coatings. Further, it develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, MDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. The company offers products under the Audurra, Abcite, Alesta, AquaEC, Centari, Ceranamel, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Glen Mills, Pennsylvania.

Key Stats

• Today's Range: $38.90 to $39.30
• 50-Day Range: $34.51 to $40.66
• 52-Week Range: $30.40 to $40.91
• Volume: 51,809 shs
• Average Volume: 2.01 million shs
• Market Capitalization: $8.57 billion
• P/E Ratio: 26.55
• Dividend Yield: N/A
• Price Target: $42.45
• Consensus Rating: Buy

Axalta Coating Systems Stock Analysis - MarketRank™

Axalta Coating Systems scored higher than 90% of companies evaluated by MarketBeat, and ranked 34th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Axalta Coating Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Axalta Coating Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 12.50%

Earnings Growth

Earnings for Axalta Coating Systems are expected to grow by 12.50% in the coming year, from $2.16 to $2.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Axalta Coating Systems is 26.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Axalta Coating Systems is 26.28, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 108.38.

Price to Earnings Growth Ratio

Axalta Coating Systems has a PEG Ratio of 0.83. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Axalta Coating Systems has a P/B Ratio of 4.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.44% of the float of Axalta Coating Systems has been sold short.

Short Interest Ratio / Days to Cover

Axalta Coating Systems has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Axalta Coating Systems has recently decreased by 17.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Axalta Coating Systems does not currently pay a dividend.

Dividend Growth

Axalta Coating Systems does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.1 / 5
• Environmental Score: -6.44

Percentage of Shares Shorted

2.44% of the float of Axalta Coating Systems has been sold short.

Short Interest Ratio / Days to Cover

Axalta Coating Systems has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Axalta Coating Systems has recently decreased by 17.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.87

News Sentiment

Axalta Coating Systems has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Axalta Coating Systems this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for AXTA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

5 people have added Axalta Coating Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Axalta Coating Systems insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Axalta Coating Systems is held by insiders.

Percentage Held by Institutions

98.28% of the stock of Axalta Coating Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AXTA Stock Analysis - Frequently Asked Questions

How have AXTA shares performed this year?

Axalta Coating Systems' stock was trading at $33.97 at the beginning of 2024. Since then, AXTA shares have increased by 14.5% and is now trading at $38.90.
View the best growth stocks for 2024 here.

How were Axalta Coating Systems' earnings last quarter?

Axalta Coating Systems Ltd. (NYSE:AXTA) issued its quarterly earnings data on Wednesday, October, 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company's revenue was up .8% on a year-over-year basis.

When did Axalta Coating Systems IPO?

Axalta Coating Systems (AXTA) raised $975 million in an initial public offering (IPO) on Wednesday, November 12th 2014. The company issued 50,000,000 shares at a price of $19.50 per share. Citigroup, Goldman Sachs, Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko were co-managers.

Who are Axalta Coating Systems' major shareholders?

Axalta Coating Systems' top institutional investors include FMR LLC (8.24%), Victory Capital Management Inc. (4.74%), State Street Corp (3.13%) and Wellington Management Group LLP (2.99%). Insiders that own company stock include Robert M Mclaughlin, Chris Villavarayan, Brian A Berube, Deborah J Kissire, Kevin M Stein, Anthony Massey, Hadi Awada, William M Cook and Jacqueline Scanlan.
View institutional ownership trends.

How do I buy shares of Axalta Coating Systems?

Shares of AXTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Axalta Coating Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Axalta Coating Systems investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Paints & allied products
• Sub-Industry: Chemicals
• Current Symbol: NYSE:AXTA
• CUSIP: N/A
• CIK: 1616862
• Web: www.axalta.com
• Phone: (855) 547-1461
• Fax: N/A
• Employees: 12,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $42.45
• High Stock Price Target: $48.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +9.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.48
• Trailing P/E Ratio: 26.28
• Forward P/E Ratio: 18.01
• P/E Growth: 0.86
• Net Income: $267.40 million
• Net Margins: 6.22%
• Pretax Margin: 8.72%
• Return on Equity: 24.92%
• Return on Assets: 6.25%

Debt

• Debt-to-Equity Ratio: 1.80
• Current Ratio: 2.00
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $5.18 billion
• Price / Sales: 1.64
• Cash Flow: $2.75 per share
• Price / Cash Flow: 14.13
• Book Value: $8.00 per share
• Price / Book: 4.86

Miscellaneous

• Outstanding Shares: 218,060,000
• Free Float: 217,191,000
• Market Cap: $8.48 billion
• Optionable: Optionable
• Beta: 1.43