Axalta Coating Systems (AXTA) Given News Sentiment Score of 0.25

Media stories about Axalta Coating Systems (NYSE:AXTA) have been trending positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Axalta Coating Systems earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 46.4656493267139 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently issued reports on AXTA shares. BidaskClub downgraded Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 17th. Citigroup raised Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a report on Monday, October 30th. Credit Suisse Group upped their price target on Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Nomura raised Axalta Coating Systems to a “buy” rating and lowered their price target for the company from $30.00 to $28.00 in a report on Tuesday, October 10th. Finally, UBS lowered their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.73.

Shares of Axalta Coating Systems (NYSE AXTA) traded down $0.50 during midday trading on Friday, reaching $31.00. The company’s stock had a trading volume of 4,153,917 shares, compared to its average volume of 4,350,000. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. Axalta Coating Systems has a one year low of $26.20 and a one year high of $38.20. The stock has a market capitalization of $7,550.00, a PE ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 1.55.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities analysts predict that Axalta Coating Systems will post 1.15 EPS for the current year.

In other news, EVP Steven R. Markevich sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total transaction of $26,478.00. Following the completion of the sale, the executive vice president now owns 201,393 shares in the company, valued at $5,924,982.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael F. Finn sold 3,950 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the sale, the senior vice president now owns 108,818 shares of the company’s stock, valued at approximately $3,553,995.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,724 shares of company stock valued at $1,201,705. 2.30% of the stock is owned by company insiders.

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About Axalta Coating Systems

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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