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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.00.

AXTA has been the topic of a number of research reports. KeyCorp upped their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Citigroup lifted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Robert W. Baird boosted their price target on Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Wolfe Research assumed coverage on Axalta Coating Systems in a research report on Friday, March 1st. They set a “peer perform” rating on the stock.

Axalta Coating Systems Stock Up 2.1 %

AXTA stock opened at $36.21 on Wednesday. Axalta Coating Systems has a 1-year low of $25.03 and a 1-year high of $36.22. The business’s 50 day simple moving average is $32.98 and its 200 day simple moving average is $32.09. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $7.99 billion, a PE ratio of 32.62, a PEG ratio of 1.01 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, research analysts anticipate that Axalta Coating Systems will post 1.99 EPS for the current year.

Institutional Trading of Axalta Coating Systems

Several institutional investors and hedge funds have recently modified their holdings of AXTA. Fifth Third Bancorp boosted its position in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 338 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Axalta Coating Systems by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 97,171 shares of the specialty chemicals company’s stock valued at $2,614,000 after acquiring an additional 490 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Axalta Coating Systems by 6.5% during the 4th quarter. M&T Bank Corp now owns 9,161 shares of the specialty chemicals company’s stock valued at $311,000 after acquiring an additional 556 shares in the last quarter. CWM LLC grew its position in Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 575 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Axalta Coating Systems by 1.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after purchasing an additional 576 shares in the last quarter. 98.28% of the stock is currently owned by 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.