Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Rating of “Moderate Buy” by Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three 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 12 month price target among brokers that have issued ratings on the stock in the last year is $43.08.

Several research firms have recently weighed in on AXTA. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research report on Friday, January 17th. Barclays increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Axalta Coating Systems

A number of large investors have recently modified their holdings of AXTA. Norges Bank bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at approximately $87,850,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock valued at $191,190,000 after acquiring an additional 1,980,296 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at approximately $56,215,000. Deutsche Bank AG boosted its position in shares of Axalta Coating Systems by 144.7% in the fourth quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company’s stock valued at $66,760,000 after acquiring an additional 1,153,620 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Axalta Coating Systems by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after purchasing an additional 988,397 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Down 3.3 %

Shares of NYSE:AXTA opened at $35.02 on Tuesday. The firm has a market cap of $7.64 billion, a P/E ratio of 19.67, a P/E/G ratio of 0.92 and a beta of 1.46. Axalta Coating Systems has a 12-month low of $30.41 and a 12-month high of $41.65. The business has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $36.70. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current year.

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.