Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $42.55 Consensus Target Price from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.50.

A number of brokerages have recently weighed in on AXTA. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI started coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Barclays boosted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Axalta Coating Systems Trading Up 0.3 %

NYSE:AXTA opened at $34.44 on Thursday. The stock has a fifty day moving average price of $38.22 and a 200 day moving average price of $36.26. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a 12-month low of $30.40 and a 12-month high of $41.65. The firm has a market cap of $7.51 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side 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

Institutional investors have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in Axalta Coating Systems during the 2nd quarter worth $30,000. First Horizon Advisors Inc. grew its holdings in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. True Wealth Design LLC purchased a new stake in Axalta Coating Systems during the 3rd quarter valued at approximately $37,000. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems during the 3rd quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $54,000. 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.