Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $43.00 at Mizuho

Axalta Coating Systems (NYSE:AXTA) had its price target lifted by Mizuho from $42.00 to $43.00 in a report published on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

Several other analysts have also issued reports on the stock. UBS Group dropped their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Barclays increased their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. KeyCorp raised their target price on Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.70.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $37.98 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.70. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 0.94 and a beta of 1.43. The firm’s 50 day simple moving average is $35.97 and its 200-day simple moving average is $35.10. Axalta Coating Systems has a 12 month low of $28.69 and a 12 month high of $38.77.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Analysts expect that Axalta Coating Systems will post 2.1 EPS for the current year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 444 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after buying an additional 453 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Axalta Coating Systems by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after buying an additional 473 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Axalta Coating Systems by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after buying an additional 530 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Axalta Coating Systems by 0.3% in the first quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock valued at $9,504,000 after acquiring an additional 726 shares during the last quarter. 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.