Wells Fargo analyst Michael Sison maintained a Hold rating on Axalta Coating Systems (AXTA – Research Report) yesterday and set a price target of $33.00. The company’s shares closed yesterday at $33.17.
Sison covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Dow Inc. According to TipRanks, Sison has an average return of 8.3% and a 58.14% success rate on recommended stocks.
In addition to Wells Fargo, Axalta Coating Systems also received a Hold from UBS’s Joshua Spector in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on Axalta Coating Systems (NYSE: AXTA).
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The company has a one-year high of $34.45 and a one-year low of $25.03. Currently, Axalta Coating Systems has an average volume of 2.1M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXTA in relation to earlier this year. Most recently, in November 2023, Massey Anthony, the VP, Global Controller, PAO of AXTA sold 17,915.00 shares for a total of $553,215.20.
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Axalta Coating Systems (AXTA) Company Description:
Axalta Coating Systems Ltd. engages in the manufacture, marketing, and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded on 1866 and is headquartered in Philadelphia, PA.
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