Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Rating of “Moderate Buy” by Brokerages

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.00.

Several equities research analysts recently commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. BMO Capital Markets raised their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th.

Axalta Coating Systems Stock Up 1.7 %

Shares of NYSE AXTA opened at $36.28 on Monday. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $41.65. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The business has a 50-day moving average of $37.33 and a two-hundred day moving average of $36.22.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts forecast that Axalta Coating Systems will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Hedge funds have recently added to or reduced their stakes in the company. 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 worth $28,000 after purchasing an additional 443 shares during the period. Plato Investment Management Ltd acquired a new position in Axalta Coating Systems during the second quarter worth $30,000. First Horizon Advisors Inc. grew its holdings in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 266 shares during the period. True Wealth Design LLC purchased a new position in Axalta Coating Systems in the third quarter worth $37,000. Finally, Millburn Ridgefield Corp acquired a new stake in Axalta Coating Systems in the third quarter valued at $41,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.