Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $38.23 Consensus Target Price from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $38.23.

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. Robert W. Baird increased their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Citigroup increased their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Royal Bank of Canada raised their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in Axalta Coating Systems during the third quarter worth about $431,000. Envestnet Asset Management Inc. lifted its holdings in shares of Axalta Coating Systems by 29.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 502,286 shares of the specialty chemicals company’s stock worth $13,512,000 after acquiring an additional 114,579 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Axalta Coating Systems in the 3rd quarter worth approximately $277,000. Mariner LLC grew its holdings in shares of Axalta Coating Systems by 8.0% during the 3rd quarter. Mariner LLC now owns 18,975 shares of the specialty chemicals company’s stock valued at $510,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in shares of Axalta Coating Systems by 44.7% in the 3rd quarter. Natixis Advisors L.P. now owns 527,366 shares of the specialty chemicals company’s stock valued at $14,187,000 after acquiring an additional 162,816 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.2 %

NYSE:AXTA opened at $34.17 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 2.07. The firm has a market cap of $7.54 billion, a P/E ratio of 30.78, a P/E/G ratio of 0.84 and a beta of 1.51. The firm’s fifty day moving average is $34.70 and its 200-day moving average is $33.49. Axalta Coating Systems has a 52 week low of $25.03 and a 52 week high of $36.98.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Axalta Coating Systems will post 1.99 earnings per share for the current year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.