Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $45.00 at BMO Capital Markets

Axalta Coating Systems (NYSE:AXTA) had its price target lifted by equities research analysts at BMO Capital Markets from $42.00 to $45.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price points to a potential upside of 28.24% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Citigroup lifted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird increased their price objective on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 9th. Finally, Mizuho lowered their target price on shares of Axalta Coating Systems from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.23.

Axalta Coating Systems Trading Up 2.6 %

Axalta Coating Systems stock traded up $0.88 during trading hours on Thursday, reaching $35.09. The company had a trading volume of 812,218 shares, compared to its average volume of 2,072,673. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46. Axalta Coating Systems has a 12-month low of $25.03 and a 12-month high of $35.15. The company has a 50-day moving average price of $32.72 and a 200 day moving average price of $31.80. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.02 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that Axalta Coating Systems will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of Axalta Coating Systems by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 422,107 shares of the specialty chemicals company’s stock valued at $14,516,000 after buying an additional 169,434 shares in the last quarter. Retirement Systems of Alabama raised its stake in Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock valued at $9,504,000 after purchasing an additional 726 shares during the period. Principal Financial Group Inc. lifted its holdings in Axalta Coating Systems by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 829,262 shares of the specialty chemicals company’s stock worth $28,518,000 after purchasing an additional 19,720 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Axalta Coating Systems by 2.8% in the 1st quarter. New York State Teachers Retirement System now owns 36,100 shares of the specialty chemicals company’s stock worth $1,241,000 after purchasing an additional 1,000 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in Axalta Coating Systems during the 1st quarter valued at approximately $323,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

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.