Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.36.

A number of equities research analysts have issued reports on the company. Citigroup cut their price target on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays boosted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Thursday, April 10th. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, January 17th. Finally, Mizuho set a $37.00 price target on Axalta Coating Systems in a research note on Tuesday, April 15th.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $31.54 on Wednesday. Axalta Coating Systems has a 12 month low of $27.70 and a 12 month high of $41.66. The business’s fifty day simple moving average is $33.60 and its two-hundred day simple moving average is $35.92. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.43 EPS. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Axalta Coating Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Bay Advisors LLC raised its position in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 823 shares in the last quarter. Jones Financial Companies Lllp increased its position in Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 498 shares during the period. UMB Bank n.a. raised its holdings in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 547 shares in the last quarter. Finally, Plato Investment Management Ltd increased its holdings in Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock valued at $77,000 after buying an additional 1,365 shares during the period. Institutional investors own 98.28% of the company’s stock.

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.