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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $40.44.

A number of research firms have issued reports on AXTA. JPMorgan Chase & Co. cut Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. Barclays lowered their target price on Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, May 15th. Morgan Stanley cut their price target on shares of Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $30.87 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $6.75 billion, a P/E ratio of 15.06, a PEG ratio of 0.87 and a beta of 1.25. The business has a 50-day moving average of $31.04 and a 200-day moving average of $33.25. Axalta Coating Systems has a 1 year low of $27.70 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, equities analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $87,850,000. Fuller & Thaler Asset Management Inc. raised its stake in Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock valued at $191,190,000 after buying an additional 1,980,296 shares during the period. Nuveen LLC acquired a new stake in shares of Axalta Coating Systems in the first quarter valued at approximately $57,682,000. SG Americas Securities LLC bought a new position in shares of Axalta Coating Systems during the 1st quarter worth approximately $55,876,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $56,215,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.