AXTA - Axalta Coating Systems Ltd.
23.11 0.00 (0.00%)
After hours: 4:59PM EDT
Chart Events
Engulfing Line (Bearish)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 23.32 |
| Open | 23.16 |
| Bid | 23.19 x 1800 |
| Ask | 23.27 x 1100 |
| Day's Range | 22.67 - 23.45 |
| 52 Week Range | 12.92 - 32.20 |
| Volume | 4,642,114 |
| Avg. Volume | 3,528,146 |
| Market Cap | 5.437B |
| Beta (5Y Monthly) | 1.56 |
| PE Ratio (TTM) | 21.01 |
| EPS (TTM) | 1.10 |
| Earnings Date | Jul 23, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 22.83 |
Fair Value
Related Research
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Is Axalta Coating Systems Ltd (AXTA) Going to Burn These Hedge Funds?
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Axalta Launches Color Retrieval Software Enhancement with 3D Modeling
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced the launch of Advanced Color Proofing, the latest enhancement to their proprietary color retrieval software, ColorNet.
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Edited Transcript of AXTA earnings conference call or presentation 6-May-20 12:00pm GMT
Q1 2020 Axalta Coating Systems Ltd Earnings Call
- TipRanks
Goldman Sachs: 3 Stocks With Double-Digit Upside
In recent weeks, the coronavirus conversation has shifted. We’re starting to talk about the great reopening, the restart of the economy after months of enforced shutdowns. The practical effects will be played out in the various states, as some stay in lockdown while others move, in a range of ways, to restart the business of living.The results will inform the national debate, whether we’ll see the grim path of a prolonged recession, the rosy case of a V-shaped recovery, or something in between. But a full recovery is for the long-term; closer in, the risks are greater. Writing on the markets for Goldman Sachs, chief US equity strategist David Kostin says, "Basically, all of the good and optimistic outlook is basically priced into the market today. So where the market’s trading now, I would say the asymmetry of upside [is] perhaps 2%, the downside maybe 15%.”Referring to the risks, Kostin writes, “A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe… investors are downplaying.” Among the risks Kostin delineates for investors are a possible 15% unemployment rate, companies slashing dividends in the second half of the year, an uneven and dragged-out economic recovery, and the uncertainties of the November Presidential election.So, coming from this background, it’s significant that the stock analysts at Goldman Sacks are finding bullish calls. Using a more selective, risk-averse approach, fitting for their firm’s general stance, they’ve found a series of compelling Buys in today’s markets. We’ve used the TipRanks database to pull up the details on three of Goldman Sachs’ recent stock picks.Axalta Coating Systems (AXTA)Perhaps best known to casual observers as a major NASCAR sponsor, Axalta is a stalwart of the automotive coatings industry. More than just paint and finishes, high-tech industrial coatings seal and protect the surface of the vehicle. Axalta develops and produces coatings for industrial and refinishing applications, as well as for light and commercial vehicles. The company boasts a market share of $4.94 billion, and a line-up of 10 product brands in six distinct niches.Like many companies, Axalta saw hard times in the first quarter 2020, as EPS declined 8.8% to 31 cents. Looking forward, Wall Street expects to see further declines in Q2, to a net loss of 13 cents. The declines come as the coronavirus economy – with enforced shutdowns – has slowed or stopped both production and sales. AXTA shares have underperformed the broader markets in the current rally, and are still 30% below their late-February peak.While Axalta is in a doldrums now, 5-star analyst Robert Koort from Goldman Sachs is optimistic that the company can bounce back quickly. He cites experience in China, were Axalta’s refinish business is already improving as that country implements economic restarts in hard-hit regions.Koort writes, anticipating the US economic reopening, “…looking forward there is basis for optimism. The company is looking at three key variables: lifting of stay-at-home orders impacting the Refinish business, the pace of Auto OEM production following ramp out of shut-downs, and broad consumer demand. Additionally, Axalta expects Refinish customers to get out in front of the demand recovery following the lift of stay-at-home orders, which could drive a restocking-driven demand surge off of currently low inventory levels.”In line with his upbeat outlook here, Koort has upgraded AXTA stock from Neutral to Buy. His $25 price target implies a 12-month upside potential of 19%. (To watch Koort’s track record, click here)AXTA shares get a Strong Buy from the analyst consensus rating, based on not fewer than 12 Buy ratings outweighing 4 Holds. Shares are priced low at $19.20, while the $22.38 average price target suggests a modest 6.5% premium in the coming year. (See Axalta stock analysis on TipRanks)ConocoPhillips (COP)The first stock on our list of Goldman Sacks recommendations is ConocoPhillips, a giant of the energy industry’s upstream (exploration and production) sector. COP, the world’s largest upstream hydrocarbon company, boasting a $47 billion market cap, finished last year with $7.2 billion in net income, or $6.40 per share.The company beat earnings estimates in a difficult Q1 environment, despite a year-over-year decline. EPS came in at 45 cents, more than double the 21-cent forecast. Revenues were down heavily, at $4.8 billion, and missed the estimates by 26%. In revenues and share price performance, COP has underperformed the markets this year.In a point of great interest to income-minded investors, ConocoPhillips raised its dividend in Q4 and has maintained the new, higher payment. At 42 cents per share quarterly, the dividend annualizes to $1.68 and offers a yield of 4.11%, more than double the average dividend yield found among S&P-listed companies. The payout ratio, at 93%, is high, but indicates that COP’s dividend remains affordable even after the drop in earnings.Goldman Sachs analyst Neil Mehta believes that COP’s current low share price represents a buying opportunity. Mehta writes, “…we believe we are seeing micro/macro fundamentals bottoming and expect ConocoPhillips to be a strong participant in the upcoming oil price upcycle, given the level of underperformance relative to large cap US majors to date, as well as the company’s strong leverage to Brent.”"As investors filter through the Energy sector looking for quality companies on sale, we believe that ConocoPhillips is one that will be able to emerge from the downcycle with its financial position still showing resilience," Mehta added.Mehta’s $51 price target supports his Buy rating, and implies a 17% upside to the stock. (To watch Mehta’s track record, click here)In general, the rest of the Street is on the same page. 15 Buy ratings compared to 2 Holds assigned in the last three months give it a ‘Strong Buy’ analyst consensus. However, at the $46 average price target, shares could surge just 6% over the next twelve months. (See ConocoPhillips stock analysis on TipRanks)Canadian Natural (CNQ)Staying with the energy industry, we now take a look at Canadian Natural. This company is the largest landholder in the Western Canadian Sedimentary Basin, major oil- and gas-bearing formation. CNQ is the largest heavy crude oil producer in Canada, and a major player in the natural gas industry. The company has also diversified outside of Canada, and controls several offshore operations in the North Sea and off the West African coast.CNQ reported a 2% increase in total production last year, showing 1.098 billion barrels of oil equivalent for 2019. The company also reported a free cash flow of $4.6 billion, giving a firm foundation going into 2020. That was a fortunate, as Q1 of this year saw a sharp drop in earnings, as CNQ posted its first net loss in 5 quarters. EPS came in at minus 33 cents, a far cry from the expected 4-cent profit.Even though CNQ showed a net loss in Q1, the company maintained its dividend payment. Canadian Natural has a long history of keeping those payments reliable, and also of paying out a high yield. At 7.2%, the stock’s dividend yield is more than double the 3.04% sector average, and more than triple the S&P 500 average. And, it absolutely clobbers US Treasury bonds, which are yielding below 1%.Goldman’s Neil Mehta notes four reasons to Buy this stock, but citing two will suffice to show his bullish stance: “First, as detailed here and here, we have shifted our more negative oil view and defensive Energy equities stance to a more positive/offensive one over the last three weeks. CNQ has strong leverage to an oil and natural gas price recovery that we anticipate. Second, we see sufficient liquidity to make it through the 2020 downcycle and see the company well positioned in 2021-2022 to delever (sic).” To this end, Mehta upgrades the stock to Buy, and his $21 price target indicates his confidence in a 12% upside potential from current levels. With 14 recent review, breaking down to 11 Buys, 2 Holds, and 1 Sell, CNQ shares have a Moderate Buy rating from the analyst consensus. The stock sells for $18.74, and the $20.49 average price target implies an upside of 9%(See Canadian Natural stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- PR Newswire
Axalta Supports California COVID-19 Response Efforts
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings is partnering with Marathon Industries to coat truck bodies for the State of California's COVID-19 response team using its Tufcote™ industrial products.
- PR Newswire
Axalta Manufactures and Donates Hand Sanitizer for Local Community in Mexico
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that its Tlalnepantla facility has shifted manufacturing capabilities to produce more than 1,000 liters of hand sanitizer, which is being donated to local healthcare facilities, first responders and other essential businesses. The program expands Axalta's global coronavirus relief efforts.
- GuruFocus.com
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Axalta Upgrades Color Matching System at Its High Performance Coatings Business in Emerging Regions
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today launched an upgraded color matching system at its High Performance Coatings (HPC) refinish business located in Southeast Asia. The upgraded software platform incorporates the most up-to-date color formulas and has a user-friendly interface to make color formula retrieval and reporting quick and easy, while also providing online technical support services.
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Axalta Coating Systems Ltd (AXTA) Q1 2020 Earnings Call Transcript
Image source: The Motley Fool. Axalta Coating Systems Ltd (NYSE: AXTA)Q1 2020 Earnings CallMay 6, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to Axalta's First Quarter 2020 Earnings Conference Call.
- Zacks
Axalta Coating Systems (AXTA) Q1 Earnings Meet Estimates
Axalta Coating Systems (AXTA) delivered earnings and revenue surprises of 0.00% and -0.86%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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Axalta Releases First Quarter 2020 Results and Provides Update on the Impacts of COVID-19
First Quarter 2020 Highlights:
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Axalta Donating Hand Sanitizer and Personal Protective Equipment to Support Coronavirus Relief Efforts in Brazil
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Earnings Preview: Axalta Coating Systems (AXTA) Q1 Earnings Expected to Decline
Axalta Coating Systems (AXTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Axalta Enhances its Leadership in Advanced Waterborne Coating Systems
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today broke ground on the newest phase of its Jiading plant in Shanghai, which represents an important new investment in environmentally responsible waterborne coatings by the Company in China. Expected to be operational by early 2021, this expanded facility will position Axalta to meet rising demand for sustainable coatings from automotive and industrial customers across southern and eastern China.
- PR Newswire
Axalta Offers Expanded Live Virtual Training To Global Refinish Customers During Coronavirus Pandemic
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced it has expanded its live virtual continuous learning courses for Refinish customers globally while they follow shelter-in-place orders during the coronavirus pandemic. Each virtual class provides live, interactive instruction from Axalta's expert training team via webcast.
- Zacks
Axalta Voltatex Insulating Resins Used to Contain Coronavirus
Axalta's (AXTA) Voltatex coatings are applied to ventilator motors, low-power servo motors, and superconductors to help minimize energy demand and lower emissions.
- Insider Monkey
Were Hedge Funds Right About Axalta Coating Systems Ltd (AXTA)?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- PR Newswire
Axalta's Voltatex® Electrical Insulating Resins Used In Ventilators And Devices Producing N95 Facemasks In Fight Against Coronavirus
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it has increased the supply of its Voltatex electrical insulating resins to ensure its medical device customers are well equipped to rapidly produce life-saving equipment, such as ventilator motors and N95 facemasks, which are in high demand by hospitals globally during the coronavirus pandemic.
- PR Newswire
Axalta Schedules First Quarter 2020 Results Conference Call
Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call to review its first quarter 2020 financial results at 8:00 a.m. ET on Wednesday, May 6, 2020. Robert W. Bryant, President and Chief Executive Officer, and Sean Lannon, Chief Financial Officer, will review the company's financial performance for the period and provide an update regarding the impact of the COVID-19 pandemic on the business as well as Axalta's current and planned response actions. A live webcast of the conference call will be available online at www.axalta.com/investorcall. The dial-in phone number for the conference call is 631-891-4304. For those unable to participate, a replay of the call will be available through May 13, 2020. The replay dial-in number is 412-317-6671. The replay passcode is 10009391.
- PR Newswire
Axalta To Apply Its Antimicrobial Technology In Chicago Hospital For Coronavirus Patients
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it will supply E&R; Powder Coating with more than 7,000 pounds of its Alesta AM powder coatings for bed frames at a temporary hospital at McCormick Place in Chicago, IL, which is being used for coronavirus patients.
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Axalta's Voltatex® 4224 Wins Prestigious Gold Edison Award™
Axalta (NYSE: AXTA), a leading manufacturer of liquid and powder coatings, is pleased to announce that its Voltatex 4224 impregnating resin product has won a Gold Edison Award in the Materials Science and Engineering category. The Edison Awards are among the most prestigious accolades honoring innovation and excellence in new product and service development, marketing, design and innovation in the world.
- PR Newswire
Axalta Donating Personal Protective Equipment And Hand Sanitizer To Support Coronavirus-Relief Efforts Globally
Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it is leveraging its global operations and technical know-how to provide critical equipment and products to people and organizations in its local communities around the world.
- PR Newswire
Axalta Coating Systems To Move To Virtual-Only Annual General Meeting Of Members For 2020
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today a change in the location of the 2020 Annual General Meeting of Members (the "Annual Meeting"). Due to the public health and travel safety concerns relating to the coronavirus (COVID-19) and the advisories or mandates of federal, state and local governments, and related agencies, and in an effort to protect the health and wellbeing of Axalta's shareholders, employees, directors, partners and communities, the Annual Meeting will be held solely by remote communication, in a virtual-only format. The date and time (Wednesday, April 29, 2020 at 2:15 p.m., Eastern Daylight Time) of the Annual Meeting remain unchanged. Shareholders of record as of the close of business on March 6, 2020, the record date, can find additional details regarding participation in the Annual Meeting at http://ir.axaltacs.com/investors/.
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