Axalta Coating Systems (NYSE:AXTA) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Axalta Coating Systems (NYSE:AXTAGet Rating) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Monday, The Fly reports.

Several other equities analysts have also issued reports on AXTA. Barclays initiated coverage on Axalta Coating Systems in a report on Thursday, February 17th. They set an “overweight” rating on the stock. TheStreet lowered Axalta Coating Systems from a “b-” rating to a “c+” rating in a report on Monday, March 21st. StockNews.com initiated coverage on Axalta Coating Systems in a report on Thursday, March 31st. They set a “buy” rating on the stock. Royal Bank of Canada lowered Axalta Coating Systems from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $33.00 to $26.00 in a report on Friday, March 25th. Finally, Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.45.

NYSE:AXTA opened at $25.13 on Monday. The firm has a market capitalization of $5.64 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The business’s fifty day moving average price is $25.77 and its 200 day moving average price is $29.48. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.93 and a quick ratio of 1.43. Axalta Coating Systems has a 12 month low of $21.67 and a 12 month high of $34.20.

Axalta Coating Systems (NYSE:AXTAGet Rating) last posted its earnings results on Monday, January 31st. The specialty chemicals company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Axalta Coating Systems had a net margin of 5.98% and a return on equity of 25.96%. During the same period last year, the company earned $0.58 EPS. As a group, equities analysts anticipate that Axalta Coating Systems will post 1.76 EPS for the current year.

In related news, Director William M. Cook purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were purchased at an average price of $24.64 per share, with a total value of $49,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Axalta Coating Systems by 123.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,216,410 shares of the specialty chemicals company’s stock valued at $503,967,000 after purchasing an additional 8,395,583 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Axalta Coating Systems by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,998,620 shares of the specialty chemicals company’s stock valued at $496,754,000 after purchasing an additional 128,750 shares during the period. Boston Partners lifted its position in Axalta Coating Systems by 5.9% in the fourth quarter. Boston Partners now owns 14,880,729 shares of the specialty chemicals company’s stock valued at $492,847,000 after purchasing an additional 822,960 shares during the period. JPMorgan Chase & Co. lifted its position in Axalta Coating Systems by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 7,862,760 shares of the specialty chemicals company’s stock valued at $260,414,000 after purchasing an additional 353,099 shares during the period. Finally, Rivulet Capital LLC lifted its position in shares of Axalta Coating Systems by 3.0% during the 3rd quarter. Rivulet Capital LLC now owns 6,504,142 shares of the specialty chemicals company’s stock valued at $189,856,000 after acquiring an additional 192,500 shares during the period. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Axalta Coating Systems Company Profile (Get Rating)

Axalta Coating Systems Ltd. engages in the manufacture, marketing and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.

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