Axalta Coating Systems (NYSE:AXTA) Stock Price Down 1.8%

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) fell 1.8% on Friday . The stock traded as low as $30.59 and last traded at $31.25. 481,263 shares changed hands during trading, a decline of 75% from the average session volume of 1,892,050 shares. The stock had previously closed at $31.81.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AXTA. Wolfe Research assumed coverage on Axalta Coating Systems in a report on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company upped their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. upped their price target on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Monday, January 8th. Finally, Citigroup upped their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.70.

Axalta Coating Systems Price Performance

The stock has a market cap of $6.82 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51. The firm has a 50-day moving average price of $32.68 and a 200-day moving average price of $31.49. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $0.38 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KB Financial Partners LLC purchased a new stake in Axalta Coating Systems during the 1st quarter valued at $25,000. Itau Unibanco Holding S.A. purchased a new stake in Axalta Coating Systems during the 2nd quarter valued at $28,000. Quarry LP bought a new stake in Axalta Coating Systems during the fourth quarter valued at about $31,000. Fifth Third Bancorp raised its holdings in Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 338 shares during the period. Finally, TFO Wealth Partners LLC raised its holdings in Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 1,082 shares during the period. 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.