Axalta Coating Systems (NYSE:AXTA) Given New $43.00 Price Target at Mizuho

Axalta Coating Systems (NYSE:AXTA) had its target price boosted by Mizuho from $42.00 to $43.00 in a research note issued to investors on Thursday morning, Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also commented on AXTA. Barclays upped their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. UBS Group decreased their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Robert W. Baird boosted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.30.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $37.93 on Thursday. The business has a 50 day moving average of $35.92 and a 200-day moving average of $35.01. The company has a market capitalization of $8.32 billion, a P/E ratio of 25.63, a P/E/G ratio of 0.97 and a beta of 1.44. Axalta Coating Systems has a 1 year low of $25.92 and a 1 year high of $38.77. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.70.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm 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 company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts predict that Axalta Coating Systems will post 2.06 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in Axalta Coating Systems by 89.7% in the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after acquiring an additional 1,292,434 shares during the period. Locust Wood Capital Advisers LLC grew its position in Axalta Coating Systems by 63.8% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock valued at $109,989,000 after purchasing an additional 1,245,223 shares during the period. Interval Partners LP increased its stake 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 purchasing an additional 1,074,961 shares in the last quarter. Vanguard Group Inc. raised its holdings in Axalta Coating Systems by 2.4% during the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after buying an additional 554,806 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after buying an additional 550,970 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

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.