Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $42.55 Consensus PT from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $42.50.

AXTA has been the topic of a number of recent analyst reports. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $41.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Mizuho lifted 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. Evercore ISI assumed coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Barclays boosted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st.

Axalta Coating Systems Trading Down 0.1 %

Shares of AXTA opened at $34.40 on Thursday. The stock’s fifty day simple moving average is $38.37 and its 200-day simple moving average is $36.30. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $7.50 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. Axalta Coating Systems has a 12-month low of $30.40 and a 12-month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.45 EPS. Axalta Coating Systems’s revenue was up .8% on a year-over-year basis. As a group, research analysts predict that Axalta Coating Systems will post 2.16 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds have recently made changes to their positions in the business. Plato Investment Management Ltd bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth about $30,000. True Wealth Design LLC bought a new stake in shares of Axalta Coating Systems during the third quarter worth approximately $37,000. First Horizon Advisors Inc. boosted its holdings in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 266 shares during the period. Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems during the third quarter worth approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in Axalta Coating Systems during the 3rd quarter worth approximately $54,000. 98.28% of the stock is owned by institutional investors and hedge funds.

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.