Brokerages Set Axalta Coating Systems Ltd. (NYSE:AXTA) Price Target at $41.00

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $41.00.

A number of equities analysts have issued reports on AXTA shares. Mizuho upped their target price on Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. KeyCorp raised their price objective on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays raised their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AXTA. Plato Investment Management Ltd bought a new stake in Axalta Coating Systems in the second quarter valued at $30,000. TFO Wealth Partners LLC lifted its position in Axalta Coating Systems by 12,022.2% in the 4th 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 during the last quarter. Raleigh Capital Management Inc. acquired a new position in Axalta Coating Systems during the 4th quarter valued at about $48,000. GAMMA Investing LLC boosted its stake in Axalta Coating Systems by 111.5% during the 2nd 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 during the period. Finally, Versant Capital Management Inc bought a new position in Axalta Coating Systems in the 2nd quarter worth about $71,000. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $35.07 on Friday. Axalta Coating Systems has a 12-month low of $25.03 and a 12-month high of $37.49. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.51. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. The firm’s fifty day moving average price is $34.62 and its 200 day moving average price is $33.89.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. On average, research analysts forecast that Axalta Coating Systems will post 2.05 EPS for the current fiscal year.

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.