Analysts Set Axalta Coating Systems Ltd (NYSE:AXTA) Price Target at $32.08

Axalta Coating Systems Ltd (NYSE:AXTA) has earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.08.

Several research analysts recently commented on the stock. KeyCorp lifted their target price on shares of Axalta Coating Systems from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Bank of America downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research note on Friday, August 16th. Credit Suisse Group lifted their price target on shares of Axalta Coating Systems from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Berenberg Bank began coverage on shares of Axalta Coating Systems in a report on Friday, July 12th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Axalta Coating Systems to $34.00 and gave the company a “market perform” rating in a report on Friday, June 21st.

In related news, Director Charles W. Shaver sold 500,000 shares of Axalta Coating Systems stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $25.24, for a total value of $12,620,000.00. Following the sale, the director now owns 492,369 shares in the company, valued at $12,427,393.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC boosted its holdings in shares of Axalta Coating Systems by 9.8% during the 1st quarter. ETF Managers Group LLC now owns 4,740 shares of the specialty chemicals company’s stock valued at $120,000 after buying an additional 422 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 17,531 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 454 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Axalta Coating Systems by 4.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 12,202 shares of the specialty chemicals company’s stock valued at $363,000 after buying an additional 484 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Axalta Coating Systems by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,597 shares of the specialty chemicals company’s stock valued at $1,250,000 after buying an additional 516 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 0.6% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 93,717 shares of the specialty chemicals company’s stock valued at $2,363,000 after buying an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Shares of NYSE AXTA traded up $0.03 during mid-day trading on Friday, hitting $27.67. The stock had a trading volume of 37,953 shares, compared to its average volume of 2,285,032. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.71 and a current ratio of 2.32. Axalta Coating Systems has a 1 year low of $21.58 and a 1 year high of $32.14. The business has a 50 day moving average price of $29.37 and a two-hundred day moving average price of $27.16. The firm has a market cap of $6.47 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Axalta Coating Systems had a net margin of 4.45% and a return on equity of 27.59%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts predict that Axalta Coating Systems will post 1.79 EPS for the current fiscal year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Featured Article: What is the Difference Between Common Shares and Convertible Shares?

Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.