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

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.08.

AXTA has been the subject of a number of analyst reports. Barclays raised their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced 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. StockNews.com downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Evercore ISI started coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Finally, BMO Capital Markets lifted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Axalta Coating Systems by 68.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after buying an additional 14,704 shares in the last quarter. Oak Thistle LLC raised its holdings in shares of Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after buying an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Axalta Coating Systems by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after buying an additional 24,402 shares in the last quarter. Finally, Sasco Capital Inc. CT raised its holdings in shares of Axalta Coating Systems by 5.8% during the 3rd quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company’s stock worth $18,150,000 after buying an additional 27,420 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 1.3 %

AXTA stock opened at $34.97 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The business has a 50 day moving average price of $35.98 and a two-hundred day moving average price of $36.70. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems has a twelve month low of $30.41 and a twelve month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

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.