The price-to-earnings ratio for Axalta Coating Systems Ltd (NYSE: AXTA) is above average at 28.53x, Company’s 36-month beta value is 1.51.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for AXTA is 219.26M, and currently, short sellers hold a 2.90% ratio of that floaft. The average trading volume of AXTA on April 02, 2024 was 1.93M shares.
AXTA) stock’s latest price update
Axalta Coating Systems Ltd (NYSE: AXTA)’s stock price has soared by 0.03 in relation to previous closing price of 34.39. Nevertheless, the company has seen a gain of 2.81% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-10 that AXTA’s past financials have demonstrated strong revenue recovery from the impact of COVID-19. In addition, margins have remained robust. AXTA continued to show strong revenue growth in 2023, with expanding margins compared to the previous year. The refinish segment, which forms the largest share of revenue, is expected to remain robust, supported by the increasing number of cars and body shop wins.
AXTA’s Market Performance
AXTA’s stock has risen by 2.81% in the past week, with a monthly rise of 5.10% and a quarterly rise of 0.44%. The volatility ratio for the week is 1.30% while the volatility levels for the last 30 days are 1.41% for Axalta Coating Systems Ltd. The simple moving average for the past 20 days is 3.26% for AXTA’s stock, with a 11.94% simple moving average for the past 200 days.
Analysts’ Opinion of AXTA
UBS, on the other hand, stated in their research note that they expect to see AXTA reach a price target of $36, previously predicting the price at $35. The rating they have provided for AXTA stocks is “Neutral” according to the report published on January 08th, 2024.
Citigroup gave a rating of “Buy” to AXTA, setting the target price at $37 in the report published on June 14th of the previous year.
AXTA Trading at 5.51% from the 50-Day Moving Average
After a stumble in the market that brought AXTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.39% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +5.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.56% upper at present.
During the last 5 trading sessions, AXTA rose by +2.81%, which changed the moving average for the period of 200-days by +6.77% in comparison to the 20-day moving average, which settled at $33.41. In addition, Axalta Coating Systems Ltd saw 1.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AXTA starting from Awada Hadi, who sale 10,500 shares at the price of $31.99 back on Dec 04 ’23. After this action, Awada Hadi now owns 14,656 shares of Axalta Coating Systems Ltd, valued at $335,895 using the latest closing price.
BERUBE BRIAN A, the SVP and General Counsel of Axalta Coating Systems Ltd, sale 7,500 shares at $31.19 during a trade that took place back on Nov 17 ’23, which means that BERUBE BRIAN A is holding 44,408 shares at $233,925 based on the most recent closing price.
Stock Fundamentals for AXTA
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.31 for the gross margin
The net margin for Axalta Coating Systems Ltd stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 16.81, with 3.73 for asset returns.
Based on Axalta Coating Systems Ltd (AXTA), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.05. The interest coverage ratio of the stock is 2.75.
Currently, EBITDA for the company is 876.2 million with net debt to EBITDA at 3.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.01. The receivables turnover for the company is 4.11for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
In a nutshell, Axalta Coating Systems Ltd (AXTA) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
