News stories about Axalta Coating Systems (NYSE:AXTA) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Axalta Coating Systems earned a news impact score of 0.08 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 46.0856144575059 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Get Axalta Coating Systems alerts: Joseph F. Mcdougall Sells 34,008 Shares of Axalta Coating Systems (AXTA) Stock (americanbankingnews.com) Global Smart Coatings Market 2018 �� AkzoNobel, PPG Industries, Axalta Coatings Systems, The Sherwin-Williams … (heavyjoystick.com) Global Acrylic Based Waterborne Coatings Market: Detailed Analysis, Size, Share, Growth, Trends, and Forecasts 2018 … (bittstreet.com) Is P/E & PEG The Same Thing �� Axalta Coating Systems Ltd. (NYSE:AXTA) (nasdaqjournal.com) Ducks Unlimited helps fund improvements at Bombay Hook Wildlife Refuge (sussexcountian.com)Axalta Coating Systems stock traded down $0.10 during mid-day trading on Wednesday, reaching $32.00. 617,000 shares of the company traded hands, compared to its average volume of 1,853,452. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 2.57. Axalta Coating Systems has a fifty-two week low of $27.77 and a fifty-two week high of $38.20. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.71 and a beta of 1.32.
Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. Axalta Coating Systems had a net margin of 0.94% and a return on equity of 20.56%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Axalta Coating Systems’s revenue for the quarter was up 15.7% compared to the same quarter last year. sell-side analysts predict that Axalta Coating Systems will post 1.32 EPS for the current fiscal year.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. BMO Capital Markets assumed coverage on shares of Axalta Coating Systems in a research note on Tuesday, March 27th. They set a “market perform” rating and a $33.00 price objective for the company. Seaport Global Securities lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 17th. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, February 8th. Finally, Bank of America upgraded shares of Axalta Coating Systems from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.13.
In other Axalta Coating Systems news, EVP Joseph F. Mcdougall sold 34,008 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $32.30, for a total transaction of $1,098,458.40. Following the transaction, the executive vice president now owns 142,056 shares in the company, valued at approximately $4,588,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Cash sold 64,898 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $32.59, for a total transaction of $2,115,025.82. Following the transaction, the senior vice president now owns 242,056 shares in the company, valued at approximately $7,888,605.04. The disclosure for this sale can be found here. Insiders have sold a total of 747,324 shares of company stock worth $23,406,148 in the last 90 days. 2.10% of the stock is currently owned by company insiders.
Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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