Deutsche Bank Aktiengesellschaft Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $42.00

Axalta Coating Systems (NYSE:AXTA) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $44.00 to $42.00 in a research note released on Thursday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the specialty chemicals company’s stock.

Other analysts have also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $45.00 to $41.00 in a research note on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Evercore ISI initiated coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Barclays increased their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.50.

Axalta Coating Systems Stock Down 0.1 %

Shares of Axalta Coating Systems stock opened at $34.40 on Thursday. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The company has a market capitalization of $7.50 billion, a PE ratio of 23.24, a P/E/G ratio of 0.83 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The business has a 50-day moving average of $38.37 and a 200-day moving average of $36.30.

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 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $0.45 EPS. Axalta Coating Systems’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities analysts forecast that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Axalta Coating Systems by 12.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock worth $466,000 after acquiring an additional 1,500 shares during the last quarter. Raymond James & Associates grew its position in Axalta Coating Systems by 15.4% in the 2nd quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock worth $3,876,000 after purchasing an additional 15,160 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Axalta Coating Systems by 180.5% in the second quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 1,993 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Axalta Coating Systems during the second quarter valued at approximately $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Axalta Coating Systems by 2.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock worth $1,561,000 after buying an additional 1,111 shares during the period. 98.28% of the stock is currently owned by institutional investors.

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.