Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $44.00

Axalta Coating Systems (NYSE:AXTA) had its price target boosted by Barclays from $42.00 to $44.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other research analysts have also recently issued reports on AXTA. Royal Bank of Canada increased their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. KeyCorp increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Mizuho boosted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.70.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $37.98 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.70 and a current ratio of 2.00. The company has a market capitalization of $8.28 billion, a PE ratio of 25.66, a P/E/G ratio of 0.94 and a beta of 1.43. The company has a 50 day moving average price of $35.97 and a 200-day moving average price of $35.10. Axalta Coating Systems has a fifty-two week low of $28.69 and a fifty-two week high of $38.77.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.45 EPS. Axalta Coating Systems’s revenue was up .8% on a year-over-year basis. As a group, equities analysts forecast that Axalta Coating Systems will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC increased its stake in Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 747 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Axalta Coating Systems during the third quarter worth $54,000. UMB Bank n.a. raised its position in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at $71,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.