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Friday, September 29, 2023

Value Investing Philosophy And Axalta Coating Systems Ltd. (NYSE: AXTA)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Axalta Coating Systems Ltd. (AXTA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $27.33. The Axalta Coating Systems Ltd. has recorded 34,251 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Axalta Wins Another Globally Distinguished R&D 100 Award for Innovation.

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Stocks Info

AXTA belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $27.33 and fluctuated between $27.47 as its day high and $27.18 as its day low. The current market capitalization of Axalta Coating Systems Ltd. is $6.01B. A total of 1.41 million shares were traded on the day, compared to an average of 2.25M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AXTA has seen 8 BUY and 8 SELL insider trades, representing the acquisition of 158,248 and the disposition of 69,316 shares. Over the last 12 months, there were 40 BUYs and 31 SELLs from insiders. Insiders purchased 499,445 shares during that period but sold 154,337.

In the most recent transaction, Kissire Deborah J. bought 400 shares of AXTA for 26.58 per share on Sep 13. After the transaction, the Director now owns 41,973 company shares. In a previous transaction on Sep 12, COOK WILLIAM M bought 1,500 shares at 26.81 per share. AXTA shares that Director owns now total 6,000.

Among the insiders who bought shares, Stein Kevin M acquired of 36,600 shares on Sep 06 at a per-share price of $27.38. This resulted in the Director holding 36,600 shares of AXTA after the transaction. In another insider transaction, Scanlan Jacqueline sold 17,008 shares at $29.48 per share on Aug 09. Company shares held by the SVP & CHRO now total 4,001.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AXTA in the last 3 months, the mean price target is $34.17 with high estimates of $38.00 and low estimates of $29.00. In terms of 52-week highs and lows, AXTA has a high of $33.68 and a low of $20.66.

As of this writing, AXTA has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.35. The company reported an EPS of $0.35 in the last quarter, which was 12.90% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AXTA’s latest balance sheet shows that the firm has $840.60M in Cash & Short Term Investments as of fiscal 2021. There were $3.83B in debt and $1.33B in liabilities at the time. Its Book Value Per Share was $7.42, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AXTA is Buy with a score of 4.47.

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