Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Average Rating of “Moderate Buy” from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $43.08.

Several research firms have recently weighed in on AXTA. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Barclays raised their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Mizuho dropped their price target on 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. StockNews.com upgraded Axalta Coating Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its position in shares of Axalta Coating Systems by 45.7% during the 2nd quarter. Creative Planning now owns 8,551 shares of the specialty chemicals company’s stock worth $292,000 after purchasing an additional 2,682 shares during the period. Truist Financial Corp lifted its stake in Axalta Coating Systems by 41.6% during the second quarter. Truist Financial Corp now owns 55,974 shares of the specialty chemicals company’s stock worth $1,913,000 after purchasing an additional 16,438 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Axalta Coating Systems during the second quarter worth $540,000. Handelsbanken Fonder AB grew its stake in shares of Axalta Coating Systems by 26.9% in the third quarter. Handelsbanken Fonder AB now owns 57,500 shares of the specialty chemicals company’s stock valued at $2,081,000 after buying an additional 12,200 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Axalta Coating Systems by 56.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,210 shares of the specialty chemicals company’s stock valued at $80,000 after buying an additional 793 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $37.64 on Friday. The firm has a market cap of $8.21 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The stock has a 50 day moving average of $36.29 and a two-hundred day moving average of $36.47. Axalta Coating Systems has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.42 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. On average, analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

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.