The shares of Axalta Coating Systems Ltd. (NYSE:AXTA) has been pegged with a rating of Outperform by BMO Capital Markets in its latest research note that was published on February 03, 2020. The Basic Materials company has also assigned a $35 price target. BMO Capital Markets wasn’t the only research firm that published a report of Axalta Coating Systems Ltd., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on October 25, 2019, to Overweight the AXTA stock while also putting a $33 price target. The stock had earned Market Perform rating from Wells Fargo Markets when it published its report on October 16, 2019. Berenberg was of a view that AXTA is Buy in its latest report on July 12, 2019. JP Morgan thinks that AXTA is worth Neutral rating. This was contained in the firm’s report on April 26, 2019 in which the stock’s price target was also moved to 27.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $33.59. The price of the stock the last time has raised by 26.48% from its 52-Week high price while it is -8.32% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.48.
The shares of the company added by 0.82% during the trading session on Wednesday, reaching a low of $29.30 while ending the day at $29.52. During the trading session, a total of 1.44 million shares were traded which represents a 33.05% incline from the average session volume which is 2.15 million shares. AXTA had ended its last session trading at $29.28. Axalta Coating Systems Ltd. currently has a market cap of $7.03 billion, while its P/E ratio stands at 27.85, while its P/E earnings growth sits at 3.76, with a beta of 1.45. Axalta Coating Systems Ltd. debt-to-equity ratio currently stands at 2.97, while its quick ratio hovers at 1.80 AXTA 52-week low price stands at $23.34 while its 52-week high price is $32.20.
The company in its last quarterly report recorded $0.42 earnings per share which is below the predicted by most analysts. The Axalta Coating Systems Ltd. generated 770.1 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.52 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 19.05%. Axalta Coating Systems Ltd. has the potential to record 1.90 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Northcoast published a research note on January 30, 2020 where it informed investors and clients that A. O. Smith Corporation (NYSE:AOS) is now rated as Neutral. Even though the stock has been trading at $44.01/share, analysts expect it to surge by 0.64% to reach $49.86/share. It started the day trading at $44.70 and traded between $43.72 and $44.29 throughout the trading session.
A look at its technical shows that AOS’s 50-day SMA is 46.08 while its 200-day SMA stands at 46.82. The stock has a high of $56.66 for the year while the low is $40.38. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 8.06 M shorted shares, the short percentage went higher by 69.79%, as 13.69M AXTA shares were shorted. At the moment, only 6.34% of A. O. Smith Corporation shares were sold short. The company’s P/E ratio currently sits at 19.96, while the P/B ratio is 4.39. The company’s average trading volume currently stands at 1.59M shares, which means that the short-interest ratio is just 5.06 days. Over the past seven days, the company moved, with its shift of 1.12%. Looking further, the stock has dropped -14.42% over the past 90 days while it lost -2.81% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more AOS shares, decreasing its portfolio by -0.51% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -81,539 shares in the last quarter, thus it now holds 15,755,239 shares of AOS, with a total valuation of $672,591,153. SSgA Funds Management, Inc. meanwhile sold more AOS shares in the recently filed quarter, changing its stake to $395,992,739 worth of shares.
Similarly, BlackRock Fund Advisors decreased its A. O. Smith Corporation shares by 9.95% during the recently filed quarter. After selling 7,209,663 shares in the last quarter, the firm now controls -796,527 shares of A. O. Smith Corporation which are valued at $307,780,513. In the same vein, Brown Brothers Harriman & Co. (In. decreased its A. O. Smith Corporation shares by during the most recent reported quarter. The firm bought 4,694,545 shares during the quarter which decreased its stakes to 4,701,774 shares and is now valued at $200,718,732. Following these latest developments, around 0.20% of A. O. Smith Corporation stocks are owned by institutional investors and hedge funds.