Axalta Coating Systems (NYSE:AXTA) Given New $45.00 Price Target at KeyCorp

Axalta Coating Systems (NYSE:AXTA) had its target price lifted by KeyCorp from $44.00 to $45.00 in a research report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

A number of other brokerages have also weighed in on AXTA. Mizuho lifted their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group dropped their price target on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Robert W. Baird lifted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Barclays increased their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and a consensus target price of $41.70.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $37.98 on Thursday. Axalta Coating Systems has a 12-month low of $28.69 and a 12-month high of $38.77. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.94 and a beta of 1.43. The company’s 50-day moving average is $35.97 and its two-hundred day moving average is $35.10. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Research analysts expect that Axalta Coating Systems will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently made changes to their positions in AXTA. State of Michigan Retirement System lifted its holdings in Axalta Coating Systems by 2.3% in the first quarter. State of Michigan Retirement System now owns 54,000 shares of the specialty chemicals company’s stock worth $1,857,000 after acquiring an additional 1,200 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of Axalta Coating Systems during the 1st quarter worth approximately $531,000. Retirement Systems of Alabama boosted its position in Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock valued at $9,504,000 after purchasing an additional 726 shares during the period. BNP Paribas Financial Markets grew its stake in Axalta Coating Systems by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 422,107 shares of the specialty chemicals company’s stock worth $14,516,000 after buying an additional 169,434 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Axalta Coating Systems by 3.4% in the first quarter. Mutual of America Capital Management LLC now owns 209,385 shares of the specialty chemicals company’s stock worth $7,201,000 after buying an additional 6,801 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

About Axalta Coating Systems

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.