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

Axalta Coating Systems (NYSE:AXTA) had its price objective upped by Barclays from $42.00 to $44.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price objective points to a potential upside of 16.16% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Mizuho raised their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective 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. UBS Group cut their target price on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird lifted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Axalta Coating Systems Stock Down 0.1 %

AXTA traded down $0.04 during midday trading on Friday, hitting $37.88. 251,993 shares of the company’s stock traded hands, compared to its average volume of 2,032,115. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.70. The company has a market cap of $8.31 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. Axalta Coating Systems has a one year low of $28.69 and a one year high of $38.77. The stock’s fifty day simple moving average is $35.92 and its 200-day simple moving average is $35.01.

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

Hedge Funds Weigh In On Axalta Coating Systems

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of Axalta Coating Systems by 89.7% in the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after acquiring an additional 1,292,434 shares in the last quarter. Locust Wood Capital Advisers LLC grew its stake in Axalta Coating Systems by 63.8% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock worth $109,989,000 after buying an additional 1,245,223 shares during the last quarter. Interval Partners LP increased its position in Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock valued at $41,857,000 after buying an additional 1,074,961 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Axalta Coating Systems by 2.4% in the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after acquiring an additional 550,970 shares during the last quarter. 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.