Today, the EVP & Pres., Trans. Coatings of Axalta Coating Systems (NYSE: AXTA), Steven Markevich, bought shares of AXTA for $980.8K.
This recent transaction increases Steven Markevich’s holding in the company by 34.37% to a total of $6.44 million. In addition to Steven Markevich, 2 other AXTA executives reported Buy trades in the last month.
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Based on Axalta Coating Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.17 billion and quarterly net profit of $69.9 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $64.1 million. AXTA’s market cap is $7.61B and the company has a P/E ratio of 208.67. Currently, Axalta Coating Systems has an average volume of 2.47M.
12 different firms, including BMO Capital and Citigroup, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $35.00, reflecting a -8.7% downside.
In the last 30 days, insiders have sold $758.2K worth of AXTA shares and purchased $1.41M worth of AXTA shares.
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Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.
