Brokerages Set Axalta Coating Systems Ltd. (NYSE:AXTA) PT at $43.08

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.08.

Several brokerages recently weighed in on AXTA. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 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 research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th.

Axalta Coating Systems Trading Down 2.2 %

Shares of AXTA opened at $37.21 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.42. Axalta Coating Systems has a 12 month low of $30.40 and a 12 month high of $41.65. The stock has a market cap of $8.11 billion, a PE ratio of 20.90, a P/E/G ratio of 0.97 and a beta of 1.46. The stock’s 50-day moving average is $36.35 and its two-hundred day moving average is $36.44.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Equities analysts forecast that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Creative Planning lifted its holdings in Axalta Coating Systems by 45.7% during the second quarter. Creative Planning now owns 8,551 shares of the specialty chemicals company’s stock worth $292,000 after acquiring an additional 2,682 shares during the period. Truist Financial Corp raised its position in Axalta Coating Systems by 41.6% in the second quarter. Truist Financial Corp now owns 55,974 shares of the specialty chemicals company’s stock worth $1,913,000 after acquiring an additional 16,438 shares during the period. Sanctuary Advisors LLC purchased a new position in Axalta Coating Systems in the second quarter valued at about $540,000. Handelsbanken Fonder AB grew its position in shares of Axalta Coating Systems by 26.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 57,500 shares of the specialty chemicals company’s stock valued at $2,081,000 after acquiring an additional 12,200 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Axalta Coating Systems by 56.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,210 shares of the specialty chemicals company’s stock worth $80,000 after purchasing an additional 793 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.