Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.08.

Several research analysts have issued reports on the company. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Evercore ISI began coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Barclays lifted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC increased its position in 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 valued at $28,000 after buying an additional 443 shares in the last quarter. First Horizon Advisors Inc. increased its position in 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 valued at $37,000 after buying an additional 266 shares in the last quarter. True Wealth Design LLC acquired a new position in Axalta Coating Systems during the 3rd quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new position in Axalta Coating Systems during the 3rd quarter valued at about $41,000. Finally, Jones Financial Companies Lllp increased its position in 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 valued at $45,000 after buying an additional 498 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 3.8 %

Shares of NYSE:AXTA opened at $33.62 on Tuesday. The company has a market cap of $7.33 billion, a P/E ratio of 18.89, a PEG ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems has a 1 year low of $30.41 and a 1 year high of $41.65. The stock’s fifty day moving average price is $35.97 and its 200-day moving average price is $36.70.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Sell-side analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current year.

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.