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

Axalta Coating Systems Ltd. (NYSE:AXTA) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $43.08.

AXTA has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, January 17th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Mizuho lowered their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th.

Insider Activity at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AXTA. Janney Montgomery Scott LLC increased its holdings in Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock worth $820,000 after acquiring an additional 323 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares during the period. CIBC Asset Management Inc increased its stake in shares of Axalta Coating Systems by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock worth $231,000 after purchasing an additional 334 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Axalta Coating Systems by 2.9% during the 4th quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company’s stock valued at $419,000 after purchasing an additional 343 shares during the period. Finally, Optas LLC raised its position in shares of Axalta Coating Systems by 7.3% during the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock valued at $206,000 after purchasing an additional 412 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $32.87 on Friday. The business has a fifty day moving average price of $35.84 and a 200-day moving average price of $36.54. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company has a market capitalization of $7.17 billion, a PE ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.45. Axalta Coating Systems has a 1-year low of $30.41 and a 1-year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, equities analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

About Axalta Coating Systems

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.