Axalta Coating Systems (NYSE:AXTA) Given New $43.00 Price Target at Mizuho

Axalta Coating Systems (NYSE:AXTA) had its target price boosted by Mizuho from $42.00 to $43.00 in a research report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. upped their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. KeyCorp increased their target price on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. UBS Group dropped their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Robert W. Baird increased their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems has a consensus rating of “Moderate Buy” and a consensus target price of $41.30.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $37.93 on Thursday. The stock has a market cap of $8.32 billion, a PE ratio of 25.63, a P/E/G ratio of 0.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.70 and a current ratio of 2.00. The firm has a 50-day moving average of $35.92 and a 200-day moving average of $35.01. Axalta Coating Systems has a 52-week low of $25.92 and a 52-week high of $38.77.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Axalta Coating Systems will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its stake in Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after buying an additional 444 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after purchasing an additional 453 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Axalta Coating Systems by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after purchasing an additional 530 shares during the last quarter. Retirement Systems of Alabama increased its position in Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock worth $9,504,000 after purchasing an additional 726 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Axalta Coating Systems by 90.2% in the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.