Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $41.00.
A number of equities analysts have commented on AXTA shares. UBS Group decreased their price target on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays upped their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Robert W. Baird raised their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.
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Axalta Coating Systems Price Performance
Shares of Axalta Coating Systems stock opened at $35.41 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26. Axalta Coating Systems has a 52-week low of $25.49 and a 52-week high of $37.78. The company has a fifty day moving average of $35.80 and a 200-day moving average of $34.97. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. Equities research analysts expect that Axalta Coating Systems will post 2.06 EPS for the current year.
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.
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