Axalta Coating Systems Ltd (AXTA) Receives Average Recommendation of “Hold” from Analysts

Shares of Axalta Coating Systems Ltd (NYSE:AXTA) have earned an average rating of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.29.

AXTA has been the topic of several recent research reports. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b-” rating in a research report on Wednesday, November 15th. Vertical Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $37.00 in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a research report on Monday, October 30th. Royal Bank of Canada restated a “buy” rating and issued a $37.00 price target on shares of Axalta Coating Systems in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, UBS Group reduced their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th.

In related news, SVP Michael F. Finn sold 1,889 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $30.56, for a total transaction of $57,727.84. Following the sale, the senior vice president now owns 103,788 shares of the company’s stock, valued at approximately $3,171,761.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean M. Lannon sold 1,080 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $30.77, for a total value of $33,231.60. Following the sale, the vice president now directly owns 14,243 shares in the company, valued at approximately $438,257.11. The disclosure for this sale can be found here. Insiders have sold a total of 473,902 shares of company stock worth $14,498,467 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in Axalta Coating Systems by 14.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock worth $291,000 after buying an additional 1,141 shares during the period. Norman Fields Gottscho Capital Management LLC raised its stake in shares of Axalta Coating Systems by 0.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 244,320 shares of the specialty chemicals company’s stock valued at $7,066,000 after purchasing an additional 1,735 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Axalta Coating Systems by 6.8% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,569 shares of the specialty chemicals company’s stock valued at $1,019,000 after purchasing an additional 1,997 shares during the period. AMP Capital Investors Ltd raised its stake in shares of Axalta Coating Systems by 3.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 65,606 shares of the specialty chemicals company’s stock valued at $1,898,000 after purchasing an additional 2,300 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Axalta Coating Systems by 0.8% in the 4th quarter. APG Asset Management N.V. now owns 325,173 shares of the specialty chemicals company’s stock valued at $8,763,000 after purchasing an additional 2,600 shares during the period. 99.32% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems (AXTA) opened at $30.60 on Tuesday. The company has a market capitalization of $7,456.02, a price-to-earnings ratio of 235.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems has a 12-month low of $27.77 and a 12-month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned ($0.16) EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. equities research analysts predict that Axalta Coating Systems will post 1.35 earnings per share for the current fiscal year.

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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 (NYSE:AXTA)

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