Wolfe Research has recently initiated Axalta Coating Systems Ltd (AXTA) stock to Peer Perform rating, as announced on March 1, 2024, according to Finviz. Earlier, on January 8, 2024, UBS had reduced the stock from a Buy to Neutral, setting a price target of $36 for AXTA stock. Citigroup also initiated Buy rating with a price target of $37. Additionally, RBC Capital Mkts raised Outperform rating on February 17, 2023, with a target price of $36. Deutsche Bank analysts, in their report published on January 30, 2023, also raised Buy rating and set a price target of $25 for Axalta Coating Systems Ltd’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Axalta Coating Systems Ltd (AXTA) Stock Trading Recap
On Monday, Axalta Coating Systems Ltd (AXTA) stock saw a decline, ending the day at $36.19 which represents a decrease of $-1.06 or -2.85% from the prior close of $37.25. The stock opened at $36.97 and touched a low of $35.73 during the day, reaching a high of $37. The volume of shares traded was 2.99 million exceeding the average volume of 1.97 million.
AXTA Stock Performance and Moving Averages
In recent trading, Axalta Coating Systems Ltd (AXTA) stock price has shown some volatility, fluctuating -0.36% over the last five trades and 0.75% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 5.20%, and it has gained 7.39% in the previous three months. Currently, AXTA is trading at 1.50%, 3.02%, and 6.51% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, AXTA, a Basic Materials sector stock, is trading -4.20% below its 52-week high but remains 44.59% above its 52-week low. The Average True Range (ATR) (14 days) of 0.82 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Axalta Coating Systems Ltd’s Profitability and Valuation Ratios
Axalta Coating Systems Ltd’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.57% and a profit margin of 5.69%, with a gross margin of 5.20%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Axalta Coating Systems Ltd’s market capitalization stands at $7.94 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 26.77, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.44. Additionally, the Price-to-Sales Ratio is 1.51, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.48, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.38% of Axalta Coating Systems Ltd (AXTA)’s shares, while financial institutions hold 100.76%.
Notable insider trades include Awada Hadi, SVP, Glbl Mobility Coatings at Axalta Coating Systems Ltd (AXTA), who sold 10500 shares on Dec 04 ’23, at $31.99 each, totaling $0.34 million. On Nov 17 ’23, BERUBE BRIAN A, SVP and General Counsel, sold 7500 shares for $31.19 each, amounting to $0.23 million. Additionally, on Nov 14 ’23, Massey Anthony sold 17915 shares at $30.88 each, generating $0.55 million.
