Barclays Increases Axalta Coating Systems (NYSE:AXTA) Price Target to $45.00

Axalta Coating Systems (NYSE:AXTA) had its price objective lifted by equities research analysts at Barclays from $44.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price objective indicates a potential upside of 17.98% from the company’s current price.

AXTA has been the topic of a number of other reports. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. BMO Capital Markets raised their price target 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. Mizuho reduced their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Evercore ISI initiated coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Stock Performance

AXTA opened at $38.14 on Wednesday. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $41.65. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The stock’s 50 day simple moving average is $36.52 and its 200-day simple moving average is $36.39. The stock has a market cap of $8.32 billion, a PE ratio of 25.77, a P/E/G ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm posted $0.43 EPS. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Axalta Coating Systems will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. PointState Capital LP acquired a new stake in Axalta Coating Systems in the third quarter worth $30,257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Axalta Coating Systems by 151.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company’s stock valued at $22,909,000 after buying an additional 381,488 shares in the last quarter. Atom Investors LP raised its stake in Axalta Coating Systems by 198.6% during the 3rd quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock worth $13,774,000 after buying an additional 253,142 shares during the period. Verition Fund Management LLC lifted its holdings in Axalta Coating Systems by 55.6% during the third quarter. Verition Fund Management LLC now owns 621,376 shares of the specialty chemicals company’s stock worth $22,488,000 after acquiring an additional 221,943 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Axalta Coating Systems by 11.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company’s stock valued at $72,078,000 after acquiring an additional 205,085 shares during the period. Institutional investors own 98.28% of the company’s stock.

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.