Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Rating of “Moderate Buy” from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.50.

Several analysts have recently commented on the company. Mizuho raised their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada raised their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays increased their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th.

Axalta Coating Systems Stock Up 0.3 %

Shares of NYSE:AXTA opened at $34.44 on Thursday. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 0.83 and a beta of 1.44. The firm’s 50-day simple moving average is $38.22 and its 200-day simple moving average is $36.26. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $41.65.

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, 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 firm 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 was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Axalta Coating Systems will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors and hedge funds have recently bought and sold shares of AXTA. Geode Capital Management LLC increased its position in Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after purchasing an additional 14,704 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Axalta Coating Systems by 3.0% in the 2nd quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock valued at $30,623,000 after purchasing an additional 25,717 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 126.7% during the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock worth $26,817,000 after purchasing an additional 443,946 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $541,000. Hedge funds and other 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.