Axalta Coating Systems Ltd. (NYSE:AXTA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $41.70.

Several analysts recently issued reports on AXTA shares. Royal Bank of Canada upped their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays increased their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group lowered their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, KeyCorp boosted their price objective 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.

Axalta Coating Systems Trading Up 1.0 %

NYSE AXTA opened at $38.45 on Wednesday. Axalta Coating Systems has a 52 week low of $28.95 and a 52 week high of $38.77. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The stock’s 50 day moving average price is $36.08 and its two-hundred day moving average price is $35.20. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 0.81 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts anticipate that Axalta Coating Systems will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in Axalta Coating Systems in the 2nd quarter valued at $30,000. GAMMA Investing LLC raised its stake in Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 747 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Axalta Coating Systems in the 3rd quarter valued at about $54,000. UMB Bank n.a. grew its position in shares of Axalta Coating Systems by 90.2% during the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 733 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Axalta Coating Systems during the second quarter worth approximately $71,000. Institutional investors own 98.28% of the company’s stock.

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.