Axalta Coating Systems (NYSE:AXTA) Price Target Increased to $38.00 by Analysts at JPMorgan Chase & Co.

Axalta Coating Systems (NYSE:AXTAFree Report) had its price objective hoisted by JPMorgan Chase & Co. from $35.00 to $38.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

AXTA has been the topic of several other research reports. StockNews.com raised Axalta Coating Systems from a hold rating to a buy rating in a research report on Friday, November 3rd. Wells Fargo & Company upped their target price on Axalta Coating Systems from $31.00 to $33.00 and gave the company an equal weight rating in a research report on Tuesday, January 9th. Royal Bank of Canada upped their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company an outperform rating in a research report on Friday, November 3rd. Finally, UBS Group downgraded Axalta Coating Systems from a buy rating to a neutral rating and upped their target price for the company from $35.00 to $36.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of Moderate Buy and an average target price of $34.42.

View Our Latest Stock Report on AXTA

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $31.49 on Friday. The business’s 50 day moving average price is $32.97 and its two-hundred day moving average price is $29.94. The company has a market cap of $6.98 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 1.96. Axalta Coating Systems has a twelve month low of $25.03 and a twelve month high of $34.45.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. Axalta Coating Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. On average, analysts predict that Axalta Coating Systems will post 1.87 EPS for the current year.

Insiders Place Their Bets

In other Axalta Coating Systems news, SVP Hadi Awada sold 10,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $31.99, for a total transaction of $335,895.00. Following the completion of the sale, the senior vice president now directly owns 14,656 shares in the company, valued at $468,845.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Axalta Coating Systems news, SVP Hadi Awada sold 10,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $31.99, for a total transaction of $335,895.00. Following the completion of the sale, the senior vice president now directly owns 14,656 shares in the company, valued at $468,845.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian A. Berube sold 7,500 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $31.19, for a total value of $233,925.00. Following the completion of the transaction, the senior vice president now owns 44,408 shares of the company’s stock, valued at $1,385,085.52. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Axalta Coating Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Axalta Coating Systems by 2.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,216 shares of the specialty chemicals company’s stock worth $630,000 after acquiring an additional 384 shares during the period. Prospera Financial Services Inc grew its holdings in Axalta Coating Systems by 3.5% during the 1st quarter. Prospera Financial Services Inc now owns 12,219 shares of the specialty chemicals company’s stock worth $370,000 after acquiring an additional 415 shares during the period. Simplicity Solutions LLC grew its holdings in Axalta Coating Systems by 3.6% during the 2nd quarter. Simplicity Solutions LLC now owns 13,767 shares of the specialty chemicals company’s stock worth $452,000 after acquiring an additional 484 shares during the period. Finally, Dana Investment Advisors Inc. grew its holdings in Axalta Coating Systems by 2.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 18,626 shares of the specialty chemicals company’s stock worth $611,000 after acquiring an additional 485 shares during the period. 98.64% of the stock is currently owned by institutional investors and hedge funds.

About Axalta Coating Systems

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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. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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