Can Axalta Coating Systems LTD.HARES (NYSE:AXTA)’s Tomorrow Be Different? The Stock Had Decline in Shorts

October 2, 2018 - By Hugh Holland

The stock of Axalta Coating Systems LTD.HARES (NYSE:AXTA) registered a decrease of 2.76% in short interest. AXTA’s total short interest was 8.15M shares in October as published by FINRA. Its down 2.76% from 8.38 million shares, reported previously. With 1.71 million shares average volume, it will take short sellers 5 days to cover their AXTA’s short positions. The short interest to Axalta Coating Systems LTD.HARES’s float is 3.78%.

The stock decreased 0.27% or $0.08 during the last trading session, reaching $29.17. About 1.34M shares traded. Axalta Coating Systems Ltd. (NYSE:AXTA) has risen 0.31% since October 2, 2017 and is uptrending. It has underperformed by 15.31% the S&P500.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.02 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 52.18 P/E ratio. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Coverage

Among 7 analysts covering Axalta Coating Systems (NYSE:AXTA), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Axalta Coating Systems had 9 analyst reports since April 17, 2018 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 25 report. The firm earned “Hold” rating on Wednesday, May 30 by J.P. Morgan. Bank of America upgraded it to “Hold” rating and $3500 target in Friday, April 27 report. The stock has “Overweight” rating by JP Morgan on Friday, July 27. JP Morgan maintained the shares of AXTA in report on Thursday, April 26 with “Overweight” rating. The stock has “Neutral” rating by JP Morgan on Wednesday, May 30. The company was maintained on Friday, July 27 by KeyBanc Capital Markets. Nomura maintained it with “Neutral” rating and $34 target in Wednesday, July 11 report. The company was downgraded on Tuesday, April 17 by Seaport Global.

More news for Axalta Coating Systems Ltd. (NYSE:AXTA) were recently published by: Prnewswire.com, which released: “Axalta Launches its Corroless Protective Coatings Portfolio Globally” on October 01, 2018. Benzinga.com‘s article titled: “Axalta Opens New Wood Coatings Learning and Development Center in Pomona, California” and published on October 02, 2018 is yet another important article.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Chart

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