Axalta Coating Systems Ltd (NYSE:AXTA) EVP Steven R. Markevich sold 82,838 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $30.61, for a total transaction of $2,535,671.18. Following the transaction, the executive vice president now directly owns 323,875 shares of the company’s stock, valued at approximately $9,913,813.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AXTA stock traded down $0.32 during mid-day trading on Wednesday, reaching $30.50. 1,144,063 shares of the company traded hands, compared to its average volume of 1,809,883. The firm has a market capitalization of $7,448.71, a price-to-earnings ratio of 234.63, a PEG ratio of 1.95 and a beta of 1.34. The company has a current ratio of 2.14, a quick ratio of 1.58 and a debt-to-equity ratio of 2.75. Axalta Coating Systems Ltd has a 52 week low of $27.77 and a 52 week high of $38.20.
Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.91%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share. research analysts predict that Axalta Coating Systems Ltd will post 1.33 EPS for the current year.
Several brokerages recently issued reports on AXTA. KeyCorp reissued an “overweight” rating and set a $40.00 target price (up previously from $36.00) on shares of Axalta Coating Systems in a report on Tuesday, November 28th. Zacks Investment Research cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Bank of America set a $28.00 target price on shares of Axalta Coating Systems and gave the stock an “underperform” rating in a report on Tuesday, January 16th. TheStreet cut shares of Axalta Coating Systems from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. Finally, Vertical Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.50.
Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.
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