Axalta Coating Systems Limited (NYSE:AXTA)’s Trend Up, Especially After Decreased Shorts

December 7, 2017 - By reb123z

 Axalta Coating Systems Limited (NYSE:AXTA)’s Trend Up, Especially After Decreased Shorts

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered a decrease of 15.22% in short interest. AXTA’s total short interest was 9.07M shares in December as published by FINRA. Its down 15.22% from 10.70M shares, reported previously. With 4.76M shares average volume, it will take short sellers 2 days to cover their AXTA’s short positions.

The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.31. About 2.01M shares traded. Axalta Coating Systems Ltd. (NYSE:AXTA) has risen 13.74% since December 7, 2016 and is uptrending. It has underperformed by 2.96% the S&P500.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.87 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 123.32 P/E ratio. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Coverage

Among 20 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 1 Sell and 7 Hold. Therefore 60% are positive. Axalta Coating Systems had 61 analyst reports since September 2, 2015 according to SRatingsIntel. On Tuesday, September 5 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Jefferies maintained the shares of AXTA in report on Monday, November 13 with “Buy” rating. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Hold” rating by Vertical Research on Friday, December 1. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Buy” rating by RBC Capital Markets on Thursday, November 30. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Outperform” rating given on Thursday, February 9 by RBC Capital Markets. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Buy” rating by Deutsche Bank on Friday, October 2. UBS maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Friday, October 27 with “Buy” rating. Barclays Capital maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Wednesday, December 28 with “Equal Weight” rating. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Buy” rating given on Tuesday, October 10 by Nomura. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Buy” rating given on Wednesday, September 2 by Citigroup.

More news for Axalta Coating Systems Ltd. (NYSE:AXTA) were recently published by: Investorplace.com, which released: “3 Stocks to Watch on Wednesday: Axalta Coating Systems Ltd (AXTA), Guess?, Inc …” on November 22, 2017. Seekingalpha.com‘s article titled: “Axalta: A Beauty With Many Suitors” and published on November 30, 2017 is yet another important article.

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