Axalta Coating Systems (NYSE:AXTA) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Axalta Coating Systems (NYSE:AXTA) from a peer perform rating to an outperform rating in a report published on Friday morning, MarketBeat.com reports. They currently have $41.00 target price on the specialty chemicals company’s stock.

AXTA has been the topic of several other reports. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada lifted their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays upped their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Axalta Coating Systems Trading Up 1.7 %

Axalta Coating Systems stock opened at $36.28 on Friday. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.68 and a beta of 1.46. The firm has a 50-day moving average of $37.33 and a 200-day moving average of $36.25. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that Axalta Coating Systems will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its position in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Axalta Coating Systems by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock valued at $820,000 after acquiring an additional 323 shares during the period. Eagle Bay Advisors LLC grew its holdings in shares of Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 443 shares in the last quarter. Signaturefd LLC increased its position in shares of Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 444 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Axalta Coating Systems by 30.2% in the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

About Axalta Coating Systems

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.