Axalta Coating Systems (NYSE:AXTA) Price Target Lowered to $38.00 at UBS Group

Axalta Coating Systems (NYSE:AXTA) had its target price lowered by UBS Group from $39.00 to $38.00 in a research report sent to investors on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

AXTA has been the subject of several other reports. Mizuho increased their price objective on Axalta Coating Systems from $38.00 to $41.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Royal Bank of Canada increased their price objective on Axalta Coating Systems from $39.00 to $42.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Robert W. Baird increased their price objective on Axalta Coating Systems from $35.00 to $40.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets increased their price objective on Axalta Coating Systems from $42.00 to $45.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of Moderate Buy and a consensus target price of $38.50.

Axalta Coating Systems Trading Down 0.1 %

Shares of NYSE:AXTA opened at $35.45 on Tuesday. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $36.98. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.51. The business’s 50 day moving average price is $35.11 and its 200-day moving average price is $33.53.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in Axalta Coating Systems by 1,856.6% during the 4th quarter. Victory Capital Management Inc. now owns 5,866,601 shares of the specialty chemicals company’s stock valued at $199,288,000 after acquiring an additional 5,566,757 shares during the period. Norges Bank purchased a new position in Axalta Coating Systems during the 4th quarter valued at about $82,878,000. Locust Wood Capital Advisers LLC purchased a new position in Axalta Coating Systems during the 4th quarter valued at about $66,346,000. Vanguard Group Inc. boosted its holdings in Axalta Coating Systems by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,886,402 shares of the specialty chemicals company’s stock valued at $615,644,000 after acquiring an additional 949,673 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Axalta Coating Systems by 39.9% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,216,463 shares of the specialty chemicals company’s stock valued at $75,293,000 after acquiring an additional 631,975 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

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.