Axalta Coating Systems Ltd (AXTA) Stock Price Hits 52-Week High Today

June 19, 2017 - By Winifred Garcia

The stock of Axalta Coating Systems Ltd (NYSE:AXTA) hit a new 52-week high and has $35.60 target or 5.00 % above today’s $33.90 share price. The 5 months bullish chart indicates low risk for the $8.29 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $35.60 price target is reached, the company will be worth $414.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 227,467 shares traded. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since June 19, 2016 and is uptrending. It has underperformed by 2.96% the S&P500.

Wall Street await Axalta Coating Systems Ltd (NYSE:AXTA) to release earnings on July, 25. Analysts forecast EPS of $0.39, up exactly $0.05 or 14.71 % from 2014’s $0.34 EPS. The expected AXTA’s profit could reach $95.37 million giving the stock 21.73 P/E in the case that $0.39 earnings per share is reported. After posting $0.26 EPS for the previous quarter, Axalta Coating Systems Ltd’s analysts now forecast 50.00 % EPS growth.

Axalta Coating Systems Ltd (NYSE:AXTA) Ratings Coverage

Among 14 analysts covering Axalta Coating Systems (NYSE:AXTA), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Axalta Coating Systems had 31 analyst reports since September 2, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, February 8 report. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned “Outperform” rating by Credit Suisse on Thursday, February 11. The rating was upgraded by Jefferies to “Buy” on Tuesday, February 16. On Thursday, February 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Seaport Global on Wednesday, July 27 to “Buy”. The firm has “Buy” rating given on Tuesday, May 30 by RBC Capital Markets. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) has “Outperform” rating given on Wednesday, October 14 by RBC Capital Markets. Nomura downgraded Axalta Coating Systems Ltd (NYSE:AXTA) rating on Monday, April 24. Nomura has “Neutral” rating and $33 target. The firm has “Outperform” rating given on Tuesday, March 22 by Credit Suisse. Credit Suisse maintained Axalta Coating Systems Ltd (NYSE:AXTA) on Monday, June 27 with “Outperform” rating.

More notable recent Axalta Coating Systems Ltd (NYSE:AXTA) news were published by: Businesswire.com which released: “Axalta Coating Systems Introduces Voltalube – New Wire Enamel Brand” on June 15, 2017, also Marketwatch.com with their article: “Axalta Coating Systems announces $675 million share buyback program” published on March 13, 2017, Seekingalpha.com published: “Axalta Coating Systems: More Than Fully Valued Despite Nice Bolt-On Deal” on April 13, 2017. More interesting news about Axalta Coating Systems Ltd (NYSE:AXTA) were released by: Reuters.com and their article: “BRIEF-Axalta Coating Systems Ltd, units expect to enter into an amendment to …” published on May 12, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Axalta Coating Systems to acquire Century Industrial Coatings” with publication date: February 01, 2017.

Axalta Coating Systems Ltd. is a holding company. The company has market cap of $8.29 billion. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. It has a 110.01 P/E ratio. The Company’s divisions include Performance Coatings and Transportation Coatings.

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