Axalta Coating Systems Ltd (NYSE: AXTA) has reported earnings for its first fiscal quarter (ending March 31) of $0.18 versus $0.27 for the same period a year ago — a decline of -33%. Relative to the consensus estimate of $0.49, this was a shortfall of $-0.31. For the latest four quarters through March 31, E.P.S. were $1.11 versus $0.95 for the same period a year ago — an increase of 17%.
Recent Price Action
On 5/1/24, Axalta Coating Systems Ltd (NYSE: AXTA) stock enjoyed a very large increase of 8.8%, closing at $34.21. Moreover, exceptionally high trading volume at 453% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 9.7% during the last week.
Current PriceTarget Research Rating
AXTA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Axalta Coating Systems has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Axalta Coating Systems has a poor Appreciation Score of 25 but a good Power Rating of 77, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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