In yesterday’s Wall Street session, Axalta Coating Systems Ltd (NYSE:AXTA) shares traded at $37.92, down -1.04% from the previous session.
AXTA stock price is now 5.66% away from the 50-day moving average and 10.52% away from the 200-day moving average. The market capitalization of the company currently stands at $8.32B.
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On January 08, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $35 to quote $36, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Awada Hadi, SVP, Glbl Mobility Coatings sold 10,500 shares of the company’s stock on Dec 04 ’23. The stock was sold for $335,895 at an average price of $31.99. Upon completion of the transaction, the SVP, Glbl Mobility Coatings now directly owns 14,656 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17 ’23, SVP and General Counsel BERUBE BRIAN A sold 7,500 shares of the business’s stock. A total of $233,925 was realized by selling the stock at an average price of $31.19. This leaves the insider owning 44,408 shares of the company worth $1.68 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Axalta Coating Systems Ltd has had a low of $25.92 and a high of $38.77. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 2.00, and a quick ratio of 1.42. According to the stock market information, the enterprise value for the company is $11270559744, which is based on a 25.57 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for AXTA is $35.888 and a two-hundred day moving average price translates $34.3104 for the stock.
The latest earnings results from Axalta Coating Systems Ltd (NYSE: AXTA) was released for 2024-09-30. The net profit margin was 6.22% and return on equity was 18.64% for AXTA. The company reported revenue of $1.32 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.84 percent.
