Axalta Coating Systems Ltd. (AXTA) : 4 brokerage houses believe that Axalta Coating Systems Ltd. (AXTA) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Axalta Coating Systems Ltd. (AXTA). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Axalta Coating Systems Ltd. (AXTA) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $29. The average forecast of all the analysts is $32.67 and the expected standard deviation is $2.4.
For the current week, the company shares have a recommendation consensus of Buy.
Axalta Coating Systems Ltd. (NYSE:AXTA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.48 and $27.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.49, notching a gain of 1.33% for the day. The total traded volume was 1,134,125 . The stock had closed at $27.13 on the previous day.
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 Companys 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.