Saturday, June 25, 2022

Taking a Closer Look At Axalta Coating Systems Ltd. (AXTA) Following Its Recent Trade

Axalta Coating Systems Ltd.’s filing revealed that its Director COOK WILLIAM M acquired Company’s shares for reported $49280.0 on Mar 04. In the deal valued at $24.64 per share,2,000 shares were bought. As a result of this transaction, COOK WILLIAM M now holds 20,320 shares worth roughly $ 0.47 million.


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Then, Weaver Troy D. sold 24,000 shares, generating $755,040 in total proceeds. Upon selling the shares at $31.46, the SVP, Global Refinish now owns 27,337 shares.

Before that, SNYDER BARRY S sold 865 shares. Axalta Coating Systems Ltd. shares valued at $26,071 were divested by the SVP,Chief Ops & Sup Chain Offc at a price of $30.14 per share. As a result of the transaction, SNYDER BARRY S now holds 47,736 shares, worth roughly $1.11 million.

Meanwhile, Deutsche Bank downgraded its Axalta Coating Systems Ltd. [AXTA] rating to a Hold from a a Buy in a research note published on Tuesday, April 18, 2022; the price target was decreased to $27 from $34. PT values the company’s stock at a premium of 13.7 to its Tuesday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Sector perform”. Vertical Research also remained covering AXTA and has decreased its forecast on February 02, 2022 with a “Hold” recommendation from previously “Buy” rating. Mizuho started covering the stock on October 13, 2021. It rated AXTA as “a Buy”.

Price Performance Review of AXTA

On Tuesday, Axalta Coating Systems Ltd. [NYSE:AXTA] saw its stock fall -0.21% to $23.30. On the same session, the stock had its day’s lowest price of $23.20, but rose to a high of $23.76. Over the last five days, the stock has lost -3.48%. Axalta Coating Systems Ltd. shares have fallen nearly -29.65% since the year began. Nevertheless, the stocks have fallen -26.10% over the past one year. While a 52-week high of $34.12 was reached on 01/05/22, a 52-week low of $21.67 was recorded on 03/08/22. SMA at 50 days reached $25.76, while 200 days put it at $28.65. A total of 2.07 million shares were traded, compared to the trading of 2.72 million shares in the previous session.

Levels Of Support And Resistance For AXTA Stock

The 24-hour chart illustrates a support level at 23.08, which if violated will result in even more drops to 22.86. On the upside, there is a resistance level at 23.64. A further resistance level may holdings at 23.98. The Relative Strength Index (RSI) on the 14-day chart is 35.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.70%. Stochastics %K at 15.83% indicates the stock is a buying.

Axalta Coating Systems Ltd. [AXTA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,057,319 shares, or roughly 9.06% of the outstanding AXTA shares. In other words, the investor’s shares have fallen by -157,064 from its previous 13-F filing of 20214383.0. Additionally, Massachusetts Financial Services increased 10.60% of its stake after which the total value it holdings stand at $450,529,075, while Barrow, Hanley, Mewhinney & Strau added 4.41% of its stake to hold $431.5 million in the firm. Over the last quarter, Boston Partners Global Investors, sold -227,867 shares of Axalta Coating Systems Ltd., while Shapiro Capital Management LLC sold 1,074,872 shares. At present, JPMorgan Investment Management, I is holding 8,226,578 shares valued at $223.43 million. Ariel Investments LLC owned 7,398,739 shares of the company at the time of its most recent 13F filing, worth $200.95 million.

According to FactSet, Axalta Coating Systems Ltd.’s share price will average $32.65 in the next year, based on opinions of analysts polled by the firm. This is up nearly 45.61 percent from its previous closing price of $23.35. Analysts expect Axalta Coating Systems Ltd. stock to reach the higher price of $38.00, while the lowest price estimate is $26.00.

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