Why Today Is the Best Time to Buy Axalta Coating Systems Ltd. [AXTA] Stock at $29.01

Axalta Coating Systems Ltd. [AXTA] has traded in a range of $12.92 to $31.26 in the last 1 year. As of this writing, the stock is at $29.01, down -0.21%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, AXTA shares are 1.61% up with the monthly amount drift of 9.57% and seems well in a long time frame.

On 2, December 2020, Axalta Coating Systems announces Shelley Bausch to lead Global Industrial Coatings business. According to news published on Yahoo Finance, Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that Shelley Bausch is joining Axalta as Senior Vice President, Global Industrial Coatings, effective January 1, 2021.

Analyst Birdseye View:

The most recent analyst activity for Axalta Coating Systems Ltd. [NYSE:AXTA] stock was on April 01, 2020, when it was Upgrade with an Outperform rating from Exane BNP Paribas. Before that, on May 12, 2020, Goldman Recapitulated a Buy rating and elevated its amount target to $25. On March 26, 2020, Vertical Research Upgrade a Buy rating. On March 26, 2020, KeyBanc Capital Markets Initiated an Overweight rating and increased its price target to $23. On March 23, 2020, BofA/Merrill Upgrade a Buy rating. On March 23, 2020, Jefferies Downgrade a Hold rating. On February 03, 2020, BMO Capital Markets Upgrade an Outperform rating and decreased its target amount on this stock from $38 to $35. On October 25, 2019, JP Morgan Upgrade an Overweight rating and amplified its amount target to $33.

In the past 52 weeks of trading, this stock has oscillated between a low of $12.92 and a peak of $31.26. Right now, according to Wall Street analyst the average 12-month amount target is $32.00. At the most recent market close, shares of Axalta Coating Systems Ltd. [NYSE:AXTA] were valued at $29.01. According to the average price forecast, investors can expect a potential return of 1.72%.

FUNDAMENTAL ANALYSIS

Axalta Coating Systems Ltd. [NYSE:AXTA] most recently reported quarterly sales of 1.03 billion, which represented growth of -7.20%. This publicly-traded organization’s revenue is $320,157 per employee, while its income is $17,786 per employee. This company’s Gross Margin is currently 33.80%, its Operating Margin is 6.60%, its Pretax Margin is +7.36, and its Net Margin is +5.56. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.69, 19.46, 11.49 and 4.86 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 74.39 and the whole liability to whole assets at 57.68. It shows enduring liability to the whole principal at 73.00 and enduring liability to assets at 0.57 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 28.86 points at 1st support level, the second support level is making up to 28.64. But as of 1st resistance point, this stock is sitting at 29.26 and at 29.44 for 2nd resistance point.

Axalta Coating Systems Ltd. [AXTA] reported its earnings at $0.59 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.33/share signifying the difference of 0.26 and 78.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.15 calling estimates for -$0.11/share with the difference of -0.04 depicting the surprise of -36.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Axalta Coating Systems Ltd. [NYSE:AXTA] is 2.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.95. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.60, it’s amount to book ratio is 5.27 and showing 73.41 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by MCLAUGHLIN ROBERT M, Director, and it was the sale of 35000.0 shares on Nov 18. Lannon Sean M., the SVP & CFO, completed a sale of 8775.0 shares on Nov 09. On Sep 16, Markevich Steven R., EVP & Pres., Trans. Coatings, completed a sale of 44568.0 shares.