Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Rating of “Moderate Buy” by Brokerages

Axalta Coating Systems Ltd. (NYSE:AXTA) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $43.18.

Several equities analysts have recently weighed in on AXTA shares. Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, December 19th. Barclays lifted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Mizuho reduced their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of Axalta Coating Systems by 89.7% in 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 during the period. Interval Partners LP lifted its position in 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 valued at $41,857,000 after buying an additional 1,074,961 shares during the last quarter. PointState Capital LP purchased a new position in shares of Axalta Coating Systems during the 3rd quarter worth approximately $30,257,000. Renaissance Technologies LLC raised its position in Axalta Coating Systems by 59.7% in the second quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock valued at $45,436,000 after purchasing an additional 497,000 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Axalta Coating Systems by 19.5% during the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company’s stock worth $99,597,000 after buying an additional 475,493 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $33.76 on Monday. The business’s 50-day moving average is $37.73 and its two-hundred day moving average is $36.20. The company has a market capitalization of $7.36 billion, a P/E ratio of 22.81, a P/E/G ratio of 0.83 and a beta of 1.46. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Axalta Coating Systems (NYSE:AXTA) last posted its 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. The firm 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Research analysts predict that Axalta Coating Systems will post 2.16 earnings per share for the current 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.