Hot Stocks Report: JAKKS Pacific, Inc. (JAKK), Axalta Coating Systems Ltd. (AXTA)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $108,000. Commonwealth Bank of Australia lifted its holdings in shares of Axalta Coating Systems by 18.1% in the 2nd quarter. The firm has price to earnings growth of 87.26, which is a valuation metric for determining relative trade-off among price of a stock. Voya Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 2,384.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company's stock worth $156,000 after acquiring an additional 3,500 shares during the last quarter. The Stock has YTD (year to date) performance of 9.12 percent.

Axalta Coating Systems Ltd. (AXTA) recorded volume accumulation so there will probably be a surplus of buyers at $28.31.

Traders are a little more bullish on shares of the company of late if you consider the downtick in short interest.

Yesterday Axalta Coating Systems (NYSE:AXTA) traded -2.63% lower at $29.68. According to these analysts, the Low Revenue Estimate for Axalta Coating Systems 1.07 Billion and the High Revenue Estimate is 1.15 Billion. The company operates in the Basic Materials sector with a market capitalization of 7.11 Million.

08/11/2017 - Axalta Coating Systems Ltd. was upgraded to "overweight" by analysts at JP Morgan. The specialty chemicals company reported $0.31 EPS for the quarter, missing the Zacks' consensus estimate of $0.39 by ($0.08). The company had Year Ago Sales of 1.03 Billion. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. After having $0.31 EPS previously, Axalta Coating Systems Ltd's analysts see 12.90% EPS growth.

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In related news, EVP Steven R. Markevich sold 160,000 shares of the company's stock in a transaction on Friday, September 1st. It is now trading at $28.37 which is just under the 50 day moving average of $29.23 and a tad under the 200 day moving average of $31.03. Following the sale, the executive vice president now directly owns 280,377 shares of the company's stock, valued at $8,234,672.49. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will earn $1.20 per share for the year, down from their previous estimate of $1.35. The shares were bought at an average cost of $28.16 per share, for a total transaction of $112,640.00. The disclosure for this purchase can be found here. The company was maintained on Friday, September 11 by Barclays Capital.

How has the stock performed recently?

Analysts on average have given a price target of $32.53 to Axalta Coating Systems Ltd. (AXTA) stock. During the last 52 weeks, the (NYSE:WTI) price has been as high as $3.69 and as low as $1.31. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -90%. Citigroup Inc. downgraded shares of Axalta Coating Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $31.00 to $25.00 in a report on Tuesday.

Equity analyst Susquehanna started coverage by announcing an initial rating of "Underperform". Axalta Coating Systems now has a consensus rating of "Hold" and an average target price of $32.50. The Company develops, markets and supplies a portfolio of coatings systems and color matching technologies.

Axalta Coating Systems a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications.

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