Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $43.18 Consensus Price Target from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.18.

A number of brokerages recently issued reports on AXTA. Royal Bank of Canada raised their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Barclays increased 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, Mizuho reduced their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th.

Axalta Coating Systems Price Performance

AXTA opened at $35.38 on Monday. The firm has a 50-day moving average price of $37.57 and a 200-day moving average price of $36.21. Axalta Coating Systems has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 0.83 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its 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. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Axalta Coating Systems will post 2.16 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Institutional investors have recently modified their holdings of the company. Shelton Wealth Management LLC bought a new stake in Axalta Coating Systems in the 4th quarter worth approximately $228,000. Park Avenue Securities LLC raised its stake in shares of Axalta Coating Systems by 13.3% during the fourth quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company’s stock worth $783,000 after acquiring an additional 2,676 shares in the last quarter. Oak Thistle LLC lifted its holdings in shares of Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in shares of Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Axalta Coating Systems by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after purchasing an additional 24,402 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

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.