Axalta Coating Systems Ltd (NASDAQ:AXTA) had its price target dropped by equities research analysts at Citigroup Inc. from $33.00 to $31.00 in a report released on Monday. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 10.40% from the company’s previous close.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Instinet downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Friday, April 21st. UBS AG reaffirmed a “buy” rating and issued a $39.00 price objective (up from $37.00) on shares of Axalta Coating Systems in a research note on Tuesday, June 6th. Zacks Investment Research downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Axalta Coating Systems has an average rating of “Hold” and a consensus target price of $34.13.

Axalta Coating Systems (AXTA) traded down 0.57% during mid-day trading on Monday, hitting $28.08. The stock had a trading volume of 3,599,876 shares. The stock has a 50-day moving average price of $32.58 and a 200 day moving average price of $31.29. The firm has a market cap of $6.80 billion and a P/E ratio of 92.98. Axalta Coating Systems has a 12-month low of $24.27 and a 12-month high of $34.10.

Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. Equities analysts anticipate that Axalta Coating Systems will post $1.33 EPS for the current fiscal year.

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In other Axalta Coating Systems news, CEO Charles W. Shaver sold 179,487 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $31.32, for a total transaction of $5,621,532.84. Following the completion of the transaction, the chief executive officer now owns 528,907 shares of the company’s stock, valued at $16,565,367.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean M. Lannon sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $33.00, for a total value of $165,000.00. Following the transaction, the vice president now directly owns 16,286 shares of the company’s stock, valued at approximately $537,438. The disclosure for this sale can be found here. Insiders have sold 438,289 shares of company stock valued at $13,876,363 in the last three months.

A number of institutional investors have recently added to or reduced their stakes in AXTA. Chicago Partners Investment Group LLC bought a new position in Axalta Coating Systems during the second quarter valued at $127,000. Mn Services Vermogensbeheer B.V. increased its position in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 900 shares during the last quarter. Prudential Financial Inc. bought a new position in Axalta Coating Systems during the first quarter valued at $210,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in Axalta Coating Systems during the second quarter valued at $212,000.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Analyst Recommendations for Axalta Coating Systems (NASDAQ:AXTA)

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