Axalta Coating Systems Ltd (NASDAQ:AXTA) has earned an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $33.64.

AXTA has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 target price on shares of Axalta Coating Systems in a research report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and set a $34.00 target price (down previously from $36.00) on shares of Axalta Coating Systems in a research report on Wednesday, August 9th. Citigroup Inc. dropped 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. Nomura raised shares of Axalta Coating Systems to a “buy” rating and dropped their target price for the stock from $30.00 to $28.00 in a research report on Tuesday, October 10th. Finally, KeyCorp reissued a “buy” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research report on Thursday, October 12th.

Axalta Coating Systems (AXTA) opened at $32.84 on Friday.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data 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. 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 net margin of 1.73% and a negative return on equity of 6.61%. Axalta Coating Systems’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS.

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In related news, EVP Steven R. Markevich sold 160,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the sale, the executive vice president now directly owns 280,377 shares of the company’s stock, valued at $8,234,672.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Samuel L. Smolik purchased 4,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $28.16 per share, for a total transaction of $112,640.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $112,640. The disclosure for this purchase can be found here. Insiders sold a total of 195,774 shares of company stock worth $5,771,898 over the last ninety days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in Axalta Coating Systems by 1.4% during the first quarter. HighTower Advisors LLC now owns 15,520 shares of the specialty chemicals company’s stock worth $499,000 after buying an additional 209 shares in the last quarter. Financial Counselors Inc. boosted its holdings in Axalta Coating Systems by 3.3% during the second quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 225 shares in the last quarter. RiverPoint Capital Management LLC boosted its holdings in Axalta Coating Systems by 1.9% during the second quarter. RiverPoint Capital Management LLC now owns 12,940 shares of the specialty chemicals company’s stock worth $415,000 after buying an additional 245 shares in the last quarter. Investment Counselors of Maryland LLC boosted its holdings in Axalta Coating Systems by 0.7% during the second quarter. Investment Counselors of Maryland LLC now owns 51,401 shares of the specialty chemicals company’s stock worth $1,647,000 after buying an additional 375 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Axalta Coating Systems by 2.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 25,290 shares of the specialty chemicals company’s stock worth $814,000 after buying an additional 590 shares in the last quarter.

About Axalta Coating Systems

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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