Axalta Coating Systems (NYSE:AXTA) Stock Price Down 1.8%

Axalta Coating Systems Ltd. (NYSE:AXTA) shares traded down 1.8% during mid-day trading on Friday . The stock traded as low as $30.59 and last traded at $31.25. 481,263 shares were traded during trading, a decline of 75% from the average session volume of 1,892,050 shares. The stock had previously closed at $31.81.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Citigroup boosted their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wolfe Research assumed coverage on Axalta Coating Systems in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company boosted their target price on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. Finally, UBS Group cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and a consensus target price of $35.70.

Axalta Coating Systems Stock Performance

The company has a market capitalization of $6.80 billion, a PE ratio of 25.73, a PEG ratio of 1.03 and a beta of 1.51. The company has a 50 day moving average of $32.67 and a two-hundred day moving average of $31.55. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors have recently modified their holdings of AXTA. KB Financial Partners LLC bought a new position in shares of Axalta Coating Systems during the first quarter valued at $25,000. Itau Unibanco Holding S.A. bought a new position in shares of Axalta Coating Systems during the second quarter valued at $28,000. Quarry LP bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $31,000. Fifth Third Bancorp lifted its holdings in shares of Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 1,082 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.