Breaking: What’s Axalta Coating Systems Ltd Downside After Today’s Big Decline?

Breaking: What's Axalta Coating Systems Ltd Downside After Today's Big Decline?

The stock of Axalta Coating Systems Ltd (NYSE:AXTA) is a huge mover today! About 2.00M shares traded hands or 16.28% up from the average. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 7.37% since March 4, 2016 and is uptrending. It has underperformed by 0.67% the S&P500.
The move comes after 8 months negative chart setup for the $6.48 billion company. It was reported on Oct, 7 by Barchart.com. We have $24.62 PT which if reached, will make NYSE:AXTA worth $583.20M less.

Analysts await Axalta Coating Systems Ltd (NYSE:AXTA) to report earnings on October, 26. They expect $0.33 earnings per share, up 22.22% or $0.06 from last year’s $0.27 per share. AXTA’s profit will be $79.02 million for 20.50 P/E if the $0.33 EPS becomes a reality. After $0.34 actual earnings per share reported by Axalta Coating Systems Ltd for the previous quarter, Wall Street now forecasts -2.94% negative EPS growth.

Axalta Coating Systems Ltd (NYSE:AXTA) Ratings Coverage

Out of 12 analysts covering Axalta Coating Systems (NYSE:AXTA), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Axalta Coating Systems has been the topic of 21 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned “Buy” rating by Gabelli on Thursday, September 1. As per Tuesday, January 5, the company rating was initiated by Seaport Global Securities. Credit Suisse maintained it with “Outperform” rating and $32 target price in Monday, June 27 report. The firm has “Buy” rating given on Monday, April 18 by Citigroup. On Friday, October 2 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Buy” rating on Wednesday, September 2 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, September 11 report. The stock has “Neutral” rating given by JP Morgan on Thursday, October 29. The firm has “Outperform” rating given on Wednesday, October 14 by RBC Capital Markets. Credit Suisse maintained Axalta Coating Systems Ltd (NYSE:AXTA) rating on Thursday, February 11. Credit Suisse has “Outperform” rating and $29 price target.

According to Zacks Investment Research, “Axalta Coating Systems Ltd. is a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The Company’s products and services include paint, color matching tools, application technologies and customer training, support and business management systems. Axalta Coating Systems Ltd. is headquartered in Philadelphia, Pennsylvania.”

More notable recent Axalta Coating Systems Ltd (NYSE:AXTA) news were published by: Gurufocus.com which released: “Axalta Coating Systems Ltd (AXTA) CEO Charles W Shaver Sold $8.4 million of Shares” on October 06, 2016, also Nasdaq.com with their article: “Axalta Coating Systems Becomes Oversold (AXTA)” published on September 14, 2016, Barrons.com published: “Painting a Pretty Picture at Axalta” on May 14, 2016. More interesting news about Axalta Coating Systems Ltd (NYSE:AXTA) were released by: Reuters.com and their article: “BRIEF-Axalta Coating Systems acquires Geeraets Autolak business” published on August 01, 2016 as well as Benzinga.com‘s news article titled: “Axalta Coating Systems Is A Focused Franchise” with publication date: June 24, 2016.

AXTA Company Profile

Axalta Coating Systems Ltd. (Axalta), incorporated on August 24, 2012, is a holding company. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s divisions include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base. The Company, through its Transportation Coatings segment, provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. Axalta develops, makes and supplies liquid and powder coatings for various applications in the industrial end market.

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