Today’s Short Interest Alert: Is Axalta Coating Systems Limited (NYSE:AXTA) a Buy? The Stock Reported more Sellers

November 25, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Short Interest Alert: Is Axalta Coating Systems Limited (NYSE:AXTA) a Buy? The Stock Reported more Sellers

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered an increase of 7.29% in short interest. AXTA’s total short interest was 4.08 million shares in November as published by FINRA. Its up 7.29% from 3.80 million shares, reported previously. With 3.22 million shares average volume, it will take short sellers 1 days to cover their AXTA’s short positions. The short interest to Axalta Coating Systems Limited’s float is 1.9%. The stock increased 0.08% or $0.02 on November 23, hitting $26.41. Axalta Coating Systems Ltd (NYSE:AXTA) has declined 11.49% since April 22, 2016 and is downtrending. It has underperformed by 16.90% the S&P500.

Axalta Coating Systems Ltd. is a holding company. The company has a market cap of $6.35 billion. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. It has a 60.3 P/E ratio. The Company’s divisions include Performance Coatings and Transportation Coatings.

Axalta Coating Systems Ltd (NYSE:AXTA) Ratings Coverage

Out of 12 analysts covering Axalta Coating Systems (NYSE:AXTA), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Axalta Coating Systems has been the topic of 21 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Credit Suisse reinitiated Axalta Coating Systems Ltd (NYSE:AXTA) rating on Tuesday, March 22. Credit Suisse has “Outperform” rating and $33 price target. The rating was reinitiated by Citigroup on Wednesday, September 2 with “Buy”. Credit Suisse maintained it with “Outperform” rating and $29 target price in Thursday, February 11 report. As per Monday, April 18, the company rating was maintained by Citigroup. The firm has “Buy” rating by Jefferies given on Tuesday, February 16. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned “Equal-Weight” rating by Barclays Capital on Friday, September 11. The firm has “Neutral” rating by JP Morgan given on Thursday, October 29. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) has “Buy” rating given on Thursday, September 1 by Gabelli. RBC Capital Markets initiated it with “Outperform” rating and $34 target price in Wednesday, October 14 report. The stock has “Accumulate” rating given by Seaport Global Securities on Tuesday, January 5.

AXTA Company Profile

Axalta Coating Systems Ltd. (Axalta), incorporated on August 24, 2012, is a holding company. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s divisions include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base. The Company, through its Transportation Coatings segment, provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. Axalta develops, makes and supplies liquid and powder coatings for various applications in the industrial end market.

More notable recent Axalta Coating Systems Ltd (NYSE:AXTA) news were published by: Nasdaq.com which released: “July 2017 Options Now Available For Axalta Coating Systems (AXTA)” on November 21, 2016, also Forbes.com with their article: “Oversold Conditions For Axalta Coating Systems (AXTA)” published on November 02, 2016, Businesswire.com published: “Spies Hecker Wins British Repairers’ Choice Award for Most Highly-Rated Paint …” on November 21, 2016. More interesting news about Axalta Coating Systems Ltd (NYSE:AXTA) were released by: Streetinsider.com and their article: “Axalta Coating Systems (AXTA) Says Carlyle to Sell 41.6M Shares” published on July 28, 2016 as well as Businesswire.com‘s news article titled: “Axalta Coating Systems Acquires Geeraets Autolak Business” with publication date: August 01, 2016.

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By Ruchi Gupta


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