Axalta Coating Systems (AXTA) Given Daily News Sentiment Score of 0.11
Media coverage about Axalta Coating Systems (NASDAQ:AXTA) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Axalta Coating Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 46.0051641966996 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- AXTA Makes Bullish Cross Above Critical Moving Average (nasdaq.com)
- See How Echo Global Logistics Ranks Among Analysts’ Top Picks With Strong Buyback Activity (thestreet.com)
- Michael A. Cash Sells 34,874 Shares of Axalta Coating Systems Ltd (AXTA) Stock (americanbankingnews.com)
- Axalta Exhibits Public Transportation Coatings at APTA Expo 2017 (finance.yahoo.com)
- Axalta and Stroud Water Research Center Host a Day of Education for Budding STEM Scholars (finance.yahoo.com)
AXTA has been the subject of several analyst reports. BidaskClub upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Bank of America Corporation downgraded Axalta Coating Systems from a “buy” rating to an “underperform” rating and cut their target price for the stock from $36.00 to $30.00 in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc initiated coverage on Axalta Coating Systems in a research report on Tuesday, July 18th. They set a “neutral” rating and a $37.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.08.
Axalta Coating Systems (NASDAQ:AXTA) opened at 30.53 on Friday. Axalta Coating Systems has a 12 month low of $24.27 and a 12 month high of $34.10. The company has a market cap of $7.42 billion and a P/E ratio of 3053.00. The firm has a 50-day moving average price of $29.23 and a 200 day moving average price of $31.06.
Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. On average, equities analysts expect that Axalta Coating Systems will post $1.30 earnings per share for the current year.
In other news, VP Sean M. Lannon sold 5,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the transaction, the vice president now directly owns 16,286 shares in the company, valued at approximately $537,438. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. Insiders sold a total of 200,774 shares of company stock valued at $5,936,898 over the last quarter.
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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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