We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Axalta (AXTA) Launches Rival DTM Topcoat RV901 and RV902
Read MoreHide Full Article
Axalta Coating Systems Ltd. (AXTA - Free Report) recently announced the launch of Rival direct-to-metal (DTM) Topcoat RV901 and RV902 value-oriented coating products.
Notably, these additions to the rival portfolio expands Axalta's commercial transportation offering, providing an easy-to-use, one-step topcoat geared to offer excellent adhesion and flexibility in non-corrosive to mildly corrosive environments.
Per management, RV901 and RV902 topcoats helps save time and money for the customers as it eliminates the primer process in certain forms of applications. Moreover, there is no need for additional inventory while using these products. Additionally, the utilization of common activators along with the topcoat's one-step application process lowers total job costs.
Rival RV901 and RV902 DTM are designed to distribute high-gloss, durable finish with outstanding gloss retention. Notably, these products are available at all authorized distributors and come in RV901 black and RV902 white factory packaged colors.
Axalta’s shares have declined 2.8% in the past year against 45.9% rise of the industry.
In first-quarter 2020 earnings call, the company stated that the most severe demand impacts to its business due to the coronavirus outbreak are likely to occur in April and May. It expects net sales for April and May to decline around 50% on a year-over-year basis.
The company is actively pursuing reduction in fixed costs to offset the impact of volume declines. It is also focused on cash generation for offsetting any impacts stemming from lower volumes. Axalta expects to deliver more than $225 million in cash flow from cost-saving measures undertaken by the company.
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the basic materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Franco-Nevada Corporation (FNV - Free Report) and Barrick Gold Corporation (GOLD - Free Report) .
Agnico Eagle currently sports a Zacks Rank #1 (Strong Buy) and has a projected earnings growth rate of 74.2% for 2020. The company’s shares have gained 26.9% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Franco-Nevada has an expected earnings growth rate of 19.2% for 2020. The company’s shares have surged 67.6% in the past year. It currently has a Zacks Rank #2 (Buy).
Barrick has a projected earnings growth rate of 64.7% for the current year. The company’s shares have rallied around 73% in a year. It currently has a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Axalta (AXTA) Launches Rival DTM Topcoat RV901 and RV902
Axalta Coating Systems Ltd. (AXTA - Free Report) recently announced the launch of Rival direct-to-metal (DTM) Topcoat RV901 and RV902 value-oriented coating products.
Notably, these additions to the rival portfolio expands Axalta's commercial transportation offering, providing an easy-to-use, one-step topcoat geared to offer excellent adhesion and flexibility in non-corrosive to mildly corrosive environments.
Per management, RV901 and RV902 topcoats helps save time and money for the customers as it eliminates the primer process in certain forms of applications. Moreover, there is no need for additional inventory while using these products. Additionally, the utilization of common activators along with the topcoat's one-step application process lowers total job costs.
Rival RV901 and RV902 DTM are designed to distribute high-gloss, durable finish with outstanding gloss retention. Notably, these products are available at all authorized distributors and come in RV901 black and RV902 white factory packaged colors.
Axalta’s shares have declined 2.8% in the past year against 45.9% rise of the industry.
In first-quarter 2020 earnings call, the company stated that the most severe demand impacts to its business due to the coronavirus outbreak are likely to occur in April and May. It expects net sales for April and May to decline around 50% on a year-over-year basis.
The company is actively pursuing reduction in fixed costs to offset the impact of volume declines. It is also focused on cash generation for offsetting any impacts stemming from lower volumes. Axalta expects to deliver more than $225 million in cash flow from cost-saving measures undertaken by the company.
Axalta Coating Systems Ltd. Price and Consensus
Axalta Coating Systems Ltd. price-consensus-chart | Axalta Coating Systems Ltd. Quote
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the basic materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Franco-Nevada Corporation (FNV - Free Report) and Barrick Gold Corporation (GOLD - Free Report) .
Agnico Eagle currently sports a Zacks Rank #1 (Strong Buy) and has a projected earnings growth rate of 74.2% for 2020. The company’s shares have gained 26.9% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Franco-Nevada has an expected earnings growth rate of 19.2% for 2020. The company’s shares have surged 67.6% in the past year. It currently has a Zacks Rank #2 (Buy).
Barrick has a projected earnings growth rate of 64.7% for the current year. The company’s shares have rallied around 73% in a year. It currently has a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>