Analyst Ratings for Axalta Coating Systems Ltd. (AXTA)Updated: 2017-07-26
Analysts covering Axalta Coating Systems Ltd. (NYSE:AXTA) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for AXTA last month.
8 analysts declared AXTA a buy, 1 issued an overweight rating, 10 issued a hold rating, 1 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 1.
Several price targets were given for AXTA by the analysts covering the stock. The highest price target was 40, implying a possible profit of 24.82 percent. The most pessimistic price target was 29, which equates to a potential downside of -9.5 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.69 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.71 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.8 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
AXTA has an estimated earnings growth rate of 420.39 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of AXTA is 0.28.
In the trailing 52-weeks, AXTA hit 34.10 at the highest peak, while it's lowest trading point was 24.27. The current market price is above the trailing year's low by 32.04 percent, and 6.03 percent lower than its 52-week high. AXTA has a P/E ratio of 118.7. Investors typically compare the P/E ratio to a company's peers in the industry. The AXTA value stock report compares AXTA to some of its peers using value stock charts. The market cap of AXTA is $7.82 billion. AXTA will post this quarters earnings in days, on 0000-00-00.