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

by · The Markets Daily

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report) have received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $42.50.

Several research firms have recently weighed in on AXTA. BMO Capital Markets increased their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI began coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Royal Bank of Canada upped their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

View Our Latest Stock Analysis on Axalta Coating Systems

Axalta Coating Systems Trading Down 0.1 %

Shares of Axalta Coating Systems stock opened at $34.35 on Thursday. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The stock has a market cap of $7.49 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.83 and a beta of 1.44. The stock’s 50 day simple moving average is $38.37 and its 200-day simple moving average is $36.30.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Analysts predict that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of large investors have recently modified their holdings of the stock. Plato Investment Management Ltd acquired a new position in shares of Axalta Coating Systems during the second quarter worth about $30,000. True Wealth Design LLC acquired a new position in Axalta Coating Systems during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. increased its position in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

(Get Free Report

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.

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