Axalta Coating Systems (NYSE:AXTA) Coverage Initiated at Evercore ISI

Evercore ISI started coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a research report released on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $47.00 target price on the specialty chemicals company’s stock.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. KeyCorp boosted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Mizuho increased their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.45.

Axalta Coating Systems Trading Up 2.5 %

Shares of AXTA stock opened at $40.60 on Wednesday. The company has a 50-day moving average of $36.46 and a two-hundred day moving average of $35.51. The firm has a market cap of $8.85 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $40.76. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in Axalta Coating Systems by 89.7% in the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after buying an additional 1,292,434 shares in the last quarter. Interval Partners LP increased its holdings in shares of Axalta Coating Systems by 716.6% in the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock valued at $41,857,000 after acquiring an additional 1,074,961 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after purchasing an additional 550,970 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Axalta Coating Systems by 1,424.5% in the first quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock valued at $18,746,000 after purchasing an additional 509,333 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.