Axalta Coating Systems (NYSE:AXTA) Lifted to “Buy” at StockNews.com

Axalta Coating Systems (NYSE:AXTAGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other analysts have also issued reports about the stock. Vertical Research lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, February 2nd. Morgan Stanley cut their price objective on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, February 3rd. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $32.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. Jefferies Financial Group decreased their price objective on Axalta Coating Systems from $33.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, March 9th. Finally, Barclays started coverage on shares of Axalta Coating Systems in a research note on Thursday, February 17th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.82.

Shares of AXTA opened at $25.12 on Tuesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.43 and a current ratio of 1.93. Axalta Coating Systems has a fifty-two week low of $21.67 and a fifty-two week high of $34.20. The company’s fifty day moving average is $25.31 and its 200 day moving average is $29.30. The stock has a market capitalization of $5.64 billion, a PE ratio of 22.23, a P/E/G ratio of 0.91 and a beta of 1.42.

Axalta Coating Systems (NYSE:AXTAGet Rating) last issued its quarterly earnings data on Monday, April 25th. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.11 billion. Axalta Coating Systems had a return on equity of 25.96% and a net margin of 5.98%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, research analysts forecast that Axalta Coating Systems will post 1.7 earnings per share for the current year.

In related news, Director William M. Cook acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were acquired at an average cost 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 link. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter worth approximately $34,000. KB Financial Partners LLC purchased a new position in Axalta Coating Systems in the 4th quarter valued at $35,000. First Horizon Advisors Inc. grew its holdings in shares of Axalta Coating Systems by 448.2% during the third quarter. First Horizon Advisors Inc. now owns 1,239 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 1,013 shares in the last quarter. Standard Family Office LLC purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth $40,000. Finally, CWM LLC acquired a new stake in shares of Axalta Coating Systems in the first quarter valued at about $41,000. 97.09% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Company Profile (Get Rating)

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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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