Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $41.36 Average PT from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.36.

AXTA has been the topic of several recent analyst reports. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Thursday, April 10th. Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, January 17th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of Axalta Coating Systems

Several institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC raised its holdings in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 443 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 823 shares during the period. Golden State Wealth Management LLC raised its holdings in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 488 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 1.4 %

Axalta Coating Systems stock opened at $31.82 on Wednesday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.92 and a beta of 1.33. The stock has a fifty day simple moving average of $33.28 and a two-hundred day simple moving average of $35.84. Axalta Coating Systems has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Equities analysts predict that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

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.