Stock Rating Upgrade
The Value Trend Rating for Axalta Coating Systems Ltd (NYSE: AXTA) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Axalta Coating Systems Ltd (NYSE: AXTA) stock closed at $33.98 on 8/9/24 after a modest gain of 0.3%. However, trading volume in this advance was normal at 83% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AXTA is expected to continue to be a major Value Builder.
Axalta Coating Systems has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Axalta Coating Systems has a poor Appreciation Score of 28 but a slightly positive Power Rating of 65, leading to the Low Neutral Value Trend Rating.
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