|Bid||29.34 x 1800|
|Ask||30.31 x 1200|
|Day's Range||30.15 - 30.66|
|52 Week Range||21.58 - 32.14|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||40.25|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter.Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not be identified because the matter isn’t public. The Philadelphia-based company is in the early stages of soliciting offers from several parties with the aim of reaching a deal in the fall, one of the people said.Akzo Nobel NV said "at this time" it is "not participating in the process" after Bloomberg News reported that it was among parties that had shown preliminary interest, citing people familiar. "We carefully consider strategic opportunities as they arise and feel under no pressure to do anything different because our peer company has announced a strategic review," Akzo said in an emailed statement on Thursday.Axalta, which is backed by Warren Buffett’s Berkshire Hathaway Inc., rose 0.5% at 2:45 p.m. in New York after rising as much as 6.4%. Its stock has risen about 18% since announcing June 19 that it would review strategic alternatives, including a sale, giving it a market value of about $7.1 billion.Private equity firms are also looking, though interest has been lukewarm so far, the people said. Axalta hasn’t made a final decision on selling all or part of the company and bidders could end up opting against formal offers, they said.Representatives for Axalta and PPG Industries declined to comment. A representative for Kansai Paint didn’t immediately respond to a request for comment left outside of regular business hours.Axalta, led by President and Chief Executive Officer Robert Bryant, has been a takeover target for years. Activist investor Jana Partners took a stake and had been pushing the company to explore alternatives before it announced the review, people familiar with the matter said in June.The company, which makes coatings for vehicles or pipelines, held takeover talks in 2017 with Nippon Paint Holdings Co.Axalta went public in 2014, a year after private equity firm Carlyle Group LP acquired the company from DuPont.(Adds Akzo Nobel statement in third paragraph.)To contact the reporters on this story: Kiel Porter in Chicago at firstname.lastname@example.org;Dinesh Nair in London at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Axalta Coating Systems (AXTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Axalta Coating Systems Ltd NYSE:AXTAView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for AXTA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.71 billion over the last one-month into ETFs that hold AXTA are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Oracle of Omaha has already placed his bets on Axalta Coating Systems, Amazon.com, and Restaurant Brands International, and maybe you should, too.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
Axalta Coating Systems (AXTA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
As the specialty chemical industry is poised for an upswing, it would be prudent to invest in stocks that have compelling growth prospects.
The Zacks Analyst Blog Highlights: Universal Display, Hubbell, Issuer Direct, OSI Systems and Axalta Coating Systems
Axalta Coating Systems Ltd. (AXTA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.
The U.S. chemical industry's upturn is expected to continue on strength across key end-markets and investment on capacity expansion.
Citing sources, Bloomberg reported on Monday that the New York-based hedge fund run by Barry Rosenstein has invested in Axalta recent months, and has been pushing the company to explore alternatives. Axalta's coating for Z181 meet the demands of adding little weight to the racing car. Shares of Axalta soared nearly 15% last Wednesday after the Philadelphia-based company said its board of directors had kicked off a review of its "strategic options" -- something Jana had been pushing it to do for some time.
(Bloomberg) -- Activist investor Jana Partners has built a position in Axalta Coating Systems Ltd., the car paint maker that announced a strategic review, according to people familiar with the matter.The New York-based hedge fund run by Barry Rosenstein invested in recent months and has been pushing the company to explore alternatives, said the people, who asked not to be identified because the matter was private.The exact size of its stake couldn’t be learned. Representatives for Jana and Axalta declined to comment.Axalta’s shares rose 0.7% to $29.99 Friday, giving the Philadelphia-based company a market value of about $7 billion.Axalta has formed a special committee to review options including a potential sale, it announced this week. It will also look at how it is executing its strategic plan and evaluate changes in capital allocation.Sold by DuPont in 2013, Axalta supplies spray paint and metal treatments for automotive chassis. Analysts have long pegged it as a potential takeover target for larger rivals such as PPG Industries and Akzo Nobel NV.\--With assistance from Nabila Ahmed.To contact the reporters on this story: Kiel Porter in Chicago at firstname.lastname@example.org;Scott Deveau in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Axalta Coating Systems is exploring a potential sale of the company, as it initiates a "comprehensive review of strategic alternatives to maximize shareholder value." Axalta, which was called DuPont Performance Coatings when the Carlyle Group bought it from DuPont for $4.9 billion in 2013, employs more than 14,000 worldwide, including about 600 across offices in Philadelphia, its Navy Yard, Exton and Glen Mills. Carlyle sold its final stake in the vehicle coatings company in 2016, and Warren Buffet's Berkshire Hathaway Inc. is now its largest investor, owning 10% of outstanding shares. The review committee will be led by Axalta (NYSE: AXTA) independent director Mark Garrett along with Samuel Smolik, also an independent director, and CEO Robert Bryant.
Shares of Axalta were up 14.52% in early afternoon trading, gaining $3.75 to $29.57 on the New York Stock Exchange after the Philadelphia-based company said it had formed a committee to explore various options to boost value for its shareholders. "Axalta's board is committed to maximizing value for all shareholders and has initiated a comprehensive review of strategic alternatives, including a potential sale of the company, changes in capital allocation, and ongoing execution of our strategic plan," Axalta board director Mark Garrett said in a statement.