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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have received an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.38.

Several research firms have issued reports on AXTA. StockNews.com cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Citigroup reduced their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. BNP Paribas upgraded Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. downgraded Axalta Coating Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $32.00 in a report on Thursday, May 8th.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors have recently bought and sold shares of AXTA. Financial Management Professionals Inc. raised its position in shares of Axalta Coating Systems by 11,757.1% during the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 823 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 488 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Axalta Coating Systems by 951.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 1,199 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 547 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

AXTA stock opened at $32.65 on Friday. The company has a market capitalization of $7.14 billion, a P/E ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems has a twelve month low of $27.70 and a twelve month high of $41.66. The business has a 50 day simple moving average of $32.31 and a 200-day simple moving average of $35.44. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current year.

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.