RBC Capital analyst Arun Viswanathan maintained a Buy rating on Axalta Coating Systems (AXTA – Research Report) on February 6 and set a price target of $39.00. The company’s shares closed yesterday at $32.55.
Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Corteva, and Huntsman. According to TipRanks, Viswanathan has an average return of 4.7% and a 54.66% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axalta Coating Systems with a $37.67 average price target.
See the top stocks recommended by analysts >>
AXTA market cap is currently $7.07B and has a P/E ratio of 30.26.
Based on the recent corporate insider activity of 45 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, Anthony Massey, the VP, Global Controller, PAO of AXTA sold 17,915.00 shares for a total of $553,215.20.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on AXTA:
