Axalta Coating Systems (NYSE:AXTA) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Axalta Coating Systems (NYSE:AXTA) from a peer perform rating to an outperform rating in a report issued on Friday, MarketBeat Ratings reports. They currently have $41.00 target price on the specialty chemicals company’s stock.

Other equities research analysts have also recently issued research reports about the company. Mizuho cut their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective for the company. Barclays lifted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Axalta Coating Systems Trading Up 1.7 %

Shares of AXTA stock opened at $36.28 on Friday. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. The firm has a market capitalization of $7.91 billion, a P/E ratio of 24.51, a PEG ratio of 0.68 and a beta of 1.46. The stock’s fifty day moving average is $37.33 and its two-hundred day moving average is $36.22. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

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

Institutional Trading of Axalta Coating Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Axalta Coating Systems by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock valued at $820,000 after buying an additional 323 shares in the last quarter. UMB Bank n.a. boosted its holdings in Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after acquiring an additional 547 shares during the period. Shelton Wealth Management LLC acquired a new position in Axalta Coating Systems in the 4th quarter valued at about $228,000. Park Avenue Securities LLC grew its position in Axalta Coating Systems by 13.3% in the 4th quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company’s stock valued at $783,000 after acquiring an additional 2,676 shares in the last quarter. Finally, Oak Thistle LLC increased its stake in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after purchasing an additional 32,135 shares during the period. Hedge funds and other institutional investors 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.