Shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.70.
A number of brokerages recently weighed in on AXTA. JPMorgan Chase & Co. boosted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Wells Fargo & Company raised their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Wolfe Research began coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and raised their price target for the company from $35.00 to $36.00 in a research note on Monday, January 8th. Finally, Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.
Read Our Latest Stock Report on Axalta Coating Systems
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Axalta Coating Systems Stock Up 0.8 %
AXTA stock opened at $31.78 on Friday. The firm has a 50-day moving average price of $32.66 and a 200-day moving average price of $31.49. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $34.53. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $7.00 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. Axalta Coating Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Axalta Coating Systems will post 1.88 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 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.
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