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Stock In Spotlight: Axalta Coating Systems Ltd. (NYSE:AXTA)

12 October 2017

The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors. August 7 investment analysts at Citigroup held the company rating at "Buy" and moved down the price target from $36.00 to $31.00. Therefore 67% are positive. The 50 day moving average went down by -2.25% and the 200 day average moved down $-2.46.

Axalta Coating Systems Ltd. (AXTA) showed volatility of 2.23% over the past week.

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Axalta Coating Systems Ltd. (NYSE:AXTA) has insider ownership was declared as 0.60% and Insider transaction was recorded recently as -32.81%. On October 10 the company was downgraded to "Sell" from "Buy" in a statement from Citigroup. The company was maintained on Thursday, July 13 by RBC Capital Markets. Barclays Capital maintained the stock with "Equal-Weight" rating in Friday, August 4 report. The rating was maintained by Credit Suisse on Monday, June 27 with "Outperform". Jefferies upgraded Axalta Coating Systems Ltd (NYSE:AXTA) on Tuesday, February 16 to "Buy" rating. The firm has "Buy" rating by Jefferies given on Wednesday, September 6. Soroban Capital Partners LP bought a new stake in shares of Axalta Coating Systems during the third quarter worth $22,660,000.

Analyst mean recommendation rating on a stock by the analyst community is at 2.40. The consensus target price is $33.08 with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. Stock's intraday price range hit the peak level of $29.21 and touched the lowest level of $28.55 besides its fifty two weeks range was $24.27- $34.1. This target by Nomura suggests the possibile downside of -1.89 % from the previous stock close. This key information was disclosed in an analyst note on Tuesday morning. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company's stock valued at $179,000 after acquiring an additional 3,837 shares during the period. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, March 15. The stock has "Neutral" rating by Goldman Sachs on Wednesday, November 23. The firm has "Hold" rating given on Thursday, February 9 by Gabelli.

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Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $817,380 activity. Brave Warrior Advsrs Limited Com owns 1.52 million shares for 5.08% of their portfolio. Following the transaction, the executive vice president now owns 280,377 shares in the company, valued at approximately $8,234,672.49. The Ontario - Canada-based Td Asset has invested 0% in Tuesday Morning Corporation (NASDAQ:TUES).

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The company is expected to report earnings of $0.34 a share for the next quarter. Axalta Coating Systems Ltd. (NYSE:AXTA)'s short interest is 9.02 million shares, or % of the float. PRI's profit will be $61.56M for 15.76 P/E if the $1.37 EPS becomes a reality. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.02. About 46,017 shares traded. AIG shares are down more than 1 percent in the after-hours trading on Monday. It is down 5.60% since October 12, 2016 and is downtrending. It has outperformed by 29.50% the S&P500. After $0.31 actual EPS reported by Axalta Coating Systems Ltd for the previous quarter, Wall Street now forecasts 12.90 % EPS growth. The company has a market cap of $6.95 billion and a P/E ratio of 2857.00. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report.