Axalta Coating Systems (NYSE:AXTA) Coverage Initiated at Evercore ISI

Investment analysts at Evercore ISI initiated coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a report issued on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $47.00 price target on the specialty chemicals company’s stock. Evercore ISI’s price target would suggest a potential upside of 15.59% from the company’s current price.

A number of other research firms have also weighed in on AXTA. Barclays lifted 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. KeyCorp upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.45.

Axalta Coating Systems Trading Up 0.1 %

Shares of NYSE:AXTA opened at $40.66 on Wednesday. The business has a 50-day moving average price of $36.56 and a 200-day moving average price of $35.54. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.85 and a beta of 1.43. Axalta Coating Systems has a 52-week low of $30.40 and a 52-week high of $40.91. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Equities analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems during the 2nd quarter worth $30,000. First Horizon Advisors Inc. lifted its stake in shares of Axalta Coating Systems by 35.2% in 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. True Wealth Design LLC acquired a new position in Axalta Coating Systems during the third quarter worth about $37,000. GAMMA Investing LLC grew its stake in Axalta Coating Systems by 111.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 747 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter worth $54,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.