Axalta Coating Systems (NYSE:AXTA) Given New $41.00 Price Target at JPMorgan Chase & Co.

Axalta Coating Systems (NYSE:AXTA) had its price target boosted by JPMorgan Chase & Co. from $40.00 to $41.00 in a research report report published on Monday, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other analysts also recently issued reports on AXTA. Wells Fargo & Company upgraded Axalta Coating Systems from a hold rating to a strong-buy rating in a research report on Tuesday, June 11th. Citigroup upped 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. Barclays upped their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an overweight rating in a research report on Friday. KeyCorp upped their target price on Axalta Coating Systems from $40.00 to $44.00 and gave the company an overweight rating in a research note on Friday. Finally, BMO Capital Markets upped their target price on Axalta Coating Systems from $42.00 to $45.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. Two investment 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’s stock. According to MarketBeat.com, Axalta Coating Systems presently has an average rating of Moderate Buy and an average target price of $41.00.

Axalta Coating Systems Price Performance

AXTA traded down $0.03 during trading on Monday, reaching $34.04. 2,131,303 shares of the stock were exchanged, compared to its average volume of 2,079,488. The business’s 50 day moving average price is $35.00 and its two-hundred day moving average price is $33.77. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.51. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 0.91 and a beta of 1.44. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $37.49.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Axalta Coating Systems will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Axalta Coating Systems by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 338 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after purchasing an additional 453 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares during the period. M&T Bank Corp raised its holdings in shares of Axalta Coating Systems by 6.5% in the 4th quarter. M&T Bank Corp now owns 9,161 shares of the specialty chemicals company’s stock worth $311,000 after purchasing an additional 556 shares during the period. Finally, CWM LLC raised its holdings in shares of Axalta Coating Systems by 23.2% in the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 575 shares during the period. 98.28% of the stock is currently 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.