Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, Mizuho Analyst Says

Axalta Coating Systems (NYSE:AXTA) had its target price upped by equities research analysts at Mizuho from $42.00 to $43.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target suggests a potential upside of 13.16% from the company’s previous close.

A number of other brokerages also recently issued reports on AXTA. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays boosted their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. KeyCorp raised their price target on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird upped their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.70.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $38.00 on Thursday. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.97 and a beta of 1.44. Axalta Coating Systems has a 12 month low of $28.69 and a 12 month high of $38.77. The company has a 50 day simple moving average of $35.97 and a two-hundred day simple moving average of $35.06. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. As a group, analysts predict that Axalta Coating Systems will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 747 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Axalta Coating Systems in the 3rd quarter valued at $54,000. UMB Bank n.a. increased its stake in shares of Axalta Coating Systems by 90.2% in the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 733 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth $71,000. Institutional investors and hedge funds 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.