Axalta Coating Systems (NYSE:AXTA) Price Target Increased to $41.00 by Analysts at Mizuho

Axalta Coating Systems (NYSE:AXTA) had its target price boosted by Mizuho from $38.00 to $41.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other research analysts have also issued reports on AXTA. Barclays upped their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Citigroup upped their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their price objective on shares of Axalta Coating Systems from $39.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. Wolfe Research began coverage on Axalta Coating Systems in a research report on Friday, March 1st. They issued a peer perform rating on the stock. Finally, KeyCorp lifted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $38.23.

Axalta Coating Systems Price Performance

AXTA opened at $34.90 on Tuesday. The firm has a market capitalization of $7.70 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.51. The business’s 50-day moving average is $33.64 and its two-hundred day moving average is $32.77. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $36.76.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data 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. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. Axalta Coating Systems’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Research analysts anticipate that Axalta Coating Systems will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several institutional investors have recently bought and sold shares of AXTA. Teacher Retirement System of Texas lifted its position in shares of Axalta Coating Systems by 10.4% in the third quarter. Teacher Retirement System of Texas now owns 52,062 shares of the specialty chemicals company’s stock valued at $1,400,000 after acquiring an additional 4,885 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Axalta Coating Systems by 21.1% during the third quarter. FDx Advisors Inc. now owns 10,471 shares of the specialty chemicals company’s stock worth $282,000 after buying an additional 1,826 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Axalta Coating Systems by 3.3% in the third quarter. California Public Employees Retirement System now owns 416,580 shares of the specialty chemicals company’s stock worth $11,206,000 after buying an additional 13,313 shares in the last quarter. Lmcg Investments LLC boosted its position in Axalta Coating Systems by 2.3% during the third quarter. Lmcg Investments LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,063,000 after acquiring an additional 870 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Axalta Coating Systems by 15.7% during the third quarter. Victory Capital Management Inc. now owns 299,844 shares of the specialty chemicals company’s stock worth $8,066,000 after acquiring an additional 40,615 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

About Axalta Coating Systems

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.