Axalta Coating Systems Ltd (NASDAQ:AXTA)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a report issued on Monday. They currently have a $35.00 target price on the specialty chemicals company’s stock. Robert W. Baird’s target price suggests a potential upside of 5.58% from the company’s current price.

Several other equities research analysts also recently commented on AXTA. Jefferies Group LLC reiterated a “buy” rating and set a $34.00 target price (down from $36.00) on shares of Axalta Coating Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Axalta Coating Systems in a research report on Monday. They noted that the move was a valuation call. BidaskClub downgraded shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Barclays PLC reiterated an “equal weight” rating and set a $33.00 target price (down from $34.00) on shares of Axalta Coating Systems in a research report on Friday, August 4th. Finally, Citigroup Inc. cut their target price on shares of Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Axalta Coating Systems currently has a consensus rating of “Hold” and an average target price of $33.07.

Shares of Axalta Coating Systems (NASDAQ:AXTA) traded down 2.56% during trading on Monday, reaching $32.30. 7,539,103 shares of the company traded hands. Axalta Coating Systems has a 12-month low of $24.44 and a 12-month high of $34.47. The firm has a market capitalization of $7.85 billion and a price-to-earnings ratio of 3230.00. The company has a 50 day moving average price of $29.16 and a 200 day moving average price of $30.80.

Axalta Coating Systems (NASDAQ:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.33 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Axalta Coating Systems will post $1.14 EPS for the current year.

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In other news, Director Samuel L. Smolik purchased 4,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $28.16 per share, for a total transaction of $112,640.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at $112,640. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven R. Markevich sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total transaction of $26,478.00. Following the completion of the transaction, the executive vice president now owns 201,393 shares in the company, valued at approximately $5,924,982.06. The disclosure for this sale can be found here. Insiders sold a total of 195,774 shares of company stock worth $5,771,898 in the last 90 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in shares of Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock worth $116,710,000 after purchasing an additional 365,915 shares during the period. Delta Lloyd Asset Management N.V. acquired a new position in shares of Axalta Coating Systems during the 2nd quarter valued at $2,564,000. Federated Investors Inc. PA acquired a new position in shares of Axalta Coating Systems during the 2nd quarter valued at $2,379,000. Engineers Gate Manager LP lifted its position in shares of Axalta Coating Systems by 46.7% during the 2nd quarter. Engineers Gate Manager LP now owns 94,895 shares of the specialty chemicals company’s stock valued at $3,040,000 after acquiring an additional 30,208 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Axalta Coating Systems by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 270,265 shares of the specialty chemicals company’s stock valued at $8,660,000 after acquiring an additional 43,481 shares during the period.

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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