Axalta Coating Systems (NYSE:AXTA) Price Target Lowered to $38.00 at UBS Group

Axalta Coating Systems (NYSE:AXTA) had its target price reduced by UBS Group from $39.00 to $38.00 in a report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

A number of other research firms also recently issued reports on AXTA. Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an outperform rating in a report on Thursday, May 2nd. Wells Fargo & Company raised shares of Axalta Coating Systems from a hold rating to a strong-buy rating in a report on Tuesday, June 11th. KeyCorp boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a buy rating in a report on Wednesday, April 10th. Finally, Mizuho boosted their price objective on shares of Axalta Coating Systems from $38.00 to $41.00 and gave the company a buy rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $38.50.

Axalta Coating Systems Stock Down 0.1 %

Shares of AXTA stock opened at $35.45 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $36.98. The firm’s fifty day moving average price is $35.11 and its two-hundred day moving average price is $33.53. The firm has a market capitalization of $7.82 billion, a P/E ratio of 31.94, a PEG ratio of 0.86 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. Axalta Coating Systems’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. On average, equities analysts predict that Axalta Coating Systems will post 1.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AXTA. Fifth Third Bancorp lifted its stake in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 338 shares in the last quarter. TFO Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 1,082 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at about $48,000. GAMMA Investing LLC lifted its position in shares of 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 valued at $48,000 after purchasing an additional 747 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Axalta Coating Systems during the second quarter valued at about $71,000. 98.28% of the stock is owned by institutional investors.

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.