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

Axalta Coating Systems Ltd. (NYSE:AXTA) 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.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in Axalta Coating Systems during the second quarter worth about $30,000. GAMMA Investing LLC boosted its position in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 747 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Axalta Coating Systems by 90.2% in the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 733 shares in the last quarter. Versant Capital Management Inc bought a new position in Axalta Coating Systems during the 2nd quarter valued at approximately $71,000. Finally, Quarry LP purchased a new position in Axalta Coating Systems during the second quarter valued at $73,000. 98.28% of the stock is currently owned by institutional investors.

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) 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.