Axalta Coating Systems Ltd (AXTA) was Initiated by Gabelli & Co to “Buy” and the brokerage firm has set the Price Target at $37. Gabelli & Co advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on Axalta Coating Systems Ltd. Company shares were Upgraded by Seaport Global Securities on Jul 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .Axalta Coating Systems Ltd was Resumed by Credit Suisse to “Outperform” on Jun 27, 2016.
On the company’s financial health, Axalta Coating Systems Ltd reported $0.34 EPS for the quarter, based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $1072.10 million for the quarter, compared to analysts expectations of $1065.35 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
Axalta Coating Systems Ltd opened for trading at $28.3 and hit $28.59 on the upside on Monday, eventually ending the session at $28.43, with a gain of 0.39% or 0.11 points. The heightened volatility saw the trading volume jump to 20,09,304 shares. Company has a market cap of $6,798 M.
In a different news, on Aug 1, 2016, Charles W Shaver (CEO) sold 200,000 shares at $28.21 per share price. According to the SEC, on Aug 1, 2016, Joseph F. Mcdougall (SVP&Chief Human Resources Off.) sold 50,000 shares at $28.03 per share price. On Aug 1, 2016, Steven R. Markevich (EVP & Pres., Trans. Coatings) sold 133,164 shares at $28.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Axalta Coating Systems Ltd. is a manufacturer marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: 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. Through its Transportation Coatings segment the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets including the refinish automotive aftermarket industrial light vehicle or automotive original equipment manufacturers (OEM) market and commercial vehicle market. The Company’s products include liquid and powder coatings for motor vehicles OEMs the motor vehicle aftermarket and general industrial applications such as coatings for heavy equipment pipes appliances and electrical insulation.