Axalta Coating Systems (NYSE:AXTA) Raised to Strong-Buy at StockNews.com

Axalta Coating Systems (NYSE:AXTA) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

AXTA has been the topic of several other research reports. Mizuho cut 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. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Friday, January 17th. Evercore ISI initiated coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. Barclays lifted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lifted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.08.

Axalta Coating Systems Trading Up 0.2 %

Shares of NYSE:AXTA traded up $0.08 on Tuesday, hitting $37.64. 1,434,094 shares of the company’s stock were exchanged, compared to its average volume of 1,853,733. Axalta Coating Systems has a 12 month low of $30.40 and a 12 month high of $41.65. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The business’s 50 day simple moving average is $36.29 and its two-hundred day simple moving average is $36.47. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC grew its holdings in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 266 shares in the last quarter. True Wealth Design LLC purchased a new stake in Axalta Coating Systems in the 3rd quarter valued at $37,000. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems in the 3rd quarter valued at $41,000. Finally, Jones Financial Companies Lllp grew its holdings in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other 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.