A number of research firms have changed their ratings and price targets for Axalta Coating Systems (NASDAQ: AXTA):

  • 10/31/2017 – Axalta Coating Systems was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock, up previously from $29.00.
  • 10/30/2017 – Axalta Coating Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $35.00 price target on the stock.
  • 10/30/2017 – Axalta Coating Systems had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/30/2017 – Axalta Coating Systems was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “hold” rating. They now have a $34.00 price target on the stock.
  • 10/27/2017 – Axalta Coating Systems had its price target lowered by analysts at UBS AG from $39.00 to $37.00. They now have a “buy” rating on the stock.
  • 10/23/2017 – Axalta Coating Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/17/2017 – Axalta Coating Systems was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/13/2017 – Axalta Coating Systems had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $28.00 price target on the stock, down previously from $30.00.
  • 10/12/2017 – Axalta Coating Systems had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $36.00 price target on the stock.
  • 10/10/2017 – Axalta Coating Systems was upgraded by analysts at Nomura to a “buy” rating. They now have a $28.00 price target on the stock, down previously from $30.00.
  • 10/10/2017 – Axalta Coating Systems was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating. They now have a $25.00 price target on the stock, down previously from $31.00.
  • 10/6/2017 – Axalta Coating Systems was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/27/2017 – Axalta Coating Systems had its price target lowered by analysts at Royal Bank Of Canada from $34.00 to $33.00. They now have an “outperform” rating on the stock.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share.

In other news, EVP Steven R. Markevich sold 160,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the completion of the sale, the executive vice president now owns 280,377 shares of the company’s stock, valued at $8,234,672.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,774 shares of company stock valued at $5,771,898.

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.

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