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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.45.

A number of analysts have commented on AXTA shares. Mizuho boosted their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays boosted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th.

Institutional Trading of Axalta Coating Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Axalta Coating Systems by 0.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock valued at $512,890,000 after acquiring an additional 137,209 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after acquiring an additional 550,970 shares during the last quarter. State Street Corp lifted its stake in shares of Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock worth $246,923,000 after buying an additional 46,813 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Axalta Coating Systems by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after buying an additional 302,752 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Axalta Coating Systems by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 1.9 %

Axalta Coating Systems stock opened at $40.52 on Friday. The firm’s 50-day moving average is $37.30 and its 200-day moving average is $35.82. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $40.91. The company has a market cap of $8.84 billion, a P/E ratio of 27.38, a PEG ratio of 0.85 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. On average, equities analysts expect that Axalta Coating Systems will post 2.16 earnings per share for the current 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.