Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $43.18 Consensus Target Price from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $43.18.

A number of research analysts recently weighed in on AXTA shares. Mizuho dropped their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Evercore ISI initiated coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in AXTA. American Century Companies Inc. raised its position in Axalta Coating Systems by 407.6% in the second quarter. American Century Companies Inc. now owns 237,846 shares of the specialty chemicals company’s stock worth $8,127,000 after acquiring an additional 190,989 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $408,000. Federated Hermes Inc. raised its holdings in shares of 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 worth $30,623,000 after purchasing an additional 25,717 shares during the period. Plato Investment Management Ltd purchased a new position in Axalta Coating Systems in the second quarter valued at approximately $30,000. Finally, Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after purchasing an additional 302,752 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $35.38 on Monday. The firm has a market cap of $7.72 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.46. Axalta Coating Systems has a 52-week low of $30.40 and a 52-week high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The business’s 50 day moving average price is $37.57 and its two-hundred day moving average price is $36.21.

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, topping 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 business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that Axalta Coating Systems will post 2.16 EPS for the current 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.