Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Rating of “Buy” from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.45.

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Barclays upped their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Mizuho upped their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Axalta Coating Systems Trading Up 1.9 %

Shares of AXTA stock opened at $40.52 on Friday. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $40.91. The firm’s fifty day simple moving average is $37.30 and its 200 day simple moving average is $35.82. The firm has a market capitalization of $8.84 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Axalta Coating Systems’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTA. Millennium Management LLC boosted its stake in shares of Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after purchasing an additional 1,292,434 shares in the last quarter. Interval Partners LP lifted its stake in shares of Axalta Coating Systems by 716.6% in the second quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock worth $41,857,000 after acquiring an additional 1,074,961 shares during the period. PointState Capital LP acquired a new position in shares of Axalta Coating Systems in the third quarter worth approximately $30,257,000. Victory Capital Management Inc. lifted its stake in shares of Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after acquiring an additional 550,970 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Axalta Coating Systems by 1,424.5% in the first quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock worth $18,746,000 after acquiring an additional 509,333 shares during the period. Institutional investors own 98.28% of the company’s stock.

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.