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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.55.

A number of equities research analysts have commented on the company. BMO Capital Markets increased their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho lifted their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Barclays upped their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Axalta Coating Systems Trading Down 3.8 %

NYSE AXTA opened at $35.01 on Thursday. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. The company’s 50-day simple moving average is $38.46 and its two-hundred day simple moving average is $36.32.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities analysts forecast that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd raised its holdings in shares of Axalta Coating Systems by 68.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 14,704 shares during the period. Federated Hermes Inc. raised its stake in Axalta Coating Systems by 3.0% during the second quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock worth $30,623,000 after purchasing an additional 25,717 shares during the period. Geode Capital Management LLC boosted its holdings in Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after purchasing an additional 31,894 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Axalta Coating Systems by 126.7% in the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock valued at $26,817,000 after buying an additional 443,946 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $541,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.