Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Evercore ISI

Evercore ISI upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

AXTA has been the topic of several other research reports. Royal Bank of Canada boosted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. KeyCorp increased their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets raised their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Barclays boosted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Stock Down 0.9 %

Shares of AXTA stock opened at $40.30 on Tuesday. 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 $40.91. The company’s fifty day moving average price is $36.68 and its 200-day moving average price is $35.58. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.87 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping 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 company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.45 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Sell-side analysts expect that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in shares of Axalta Coating Systems by 7.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 202,446 shares of the specialty chemicals company’s stock worth $6,962,000 after buying an additional 13,541 shares during the last quarter. Blair William & Co. IL increased its position in shares of Axalta Coating Systems by 18.6% during the first quarter. Blair William & Co. IL now owns 14,902 shares of the specialty chemicals company’s stock worth $512,000 after purchasing an additional 2,339 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock valued at $817,230,000 after purchasing an additional 554,806 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Axalta Coating Systems in the 1st quarter worth $1,745,000. Finally, O Shaughnessy Asset Management LLC grew its stake in Axalta Coating Systems by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after buying an additional 530 shares during the last quarter. 98.28% of the stock is currently owned by 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.