Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $38.00.

A number of equities research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Citigroup upped their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Mizuho lowered their price target on Axalta Coating Systems from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd.

Axalta Coating Systems Trading Up 2.1 %

Axalta Coating Systems stock opened at $36.21 on Wednesday. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $36.22. The firm’s 50-day moving average is $32.98 and its 200-day moving average is $32.09. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 2.07. The company has a market cap of $7.99 billion, a P/E ratio of 32.62, a PEG ratio of 1.01 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Axalta Coating Systems will post 1.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in shares of Axalta Coating Systems by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 338 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Axalta Coating Systems during the fourth quarter valued at approximately $48,000. Kapitalo Investimentos Ltda bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at approximately $88,000. Finally, CWM LLC lifted its stake in shares of Axalta Coating Systems by 23.2% in the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 575 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.