Axalta Coating Systems (NYSE:AXTA) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Axalta Coating Systems (NYSE:AXTA) from a strong-buy rating to a buy rating in a report released on Friday morning.

A number of other brokerages have also recently commented on AXTA. Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, January 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Mizuho cut their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Axalta Coating Systems Stock Up 1.0 %

Shares of NYSE:AXTA opened at $36.16 on Friday. The company has a market capitalization of $7.89 billion, a PE ratio of 20.31, a P/E/G ratio of 0.92 and a beta of 1.46. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems has a twelve month low of $30.41 and a twelve month high of $41.65. The firm has a 50 day simple moving average of $35.92 and a 200-day simple moving average of $36.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data 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. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts predict that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors have recently made changes to their positions in AXTA. Eagle Bay Advisors LLC boosted its position in shares of Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 443 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter worth $37,000. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter worth $41,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after purchasing 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.