Axalta Coating Systems (NYSE:AXTA) Hits New 1-Year High – What’s Next?

Axalta Coating Systems Ltd. (NYSE:AXTA) reached a new 52-week high during trading on Monday . The stock traded as high as $41.02 and last traded at $40.99, with a volume of 20435 shares changing hands. The stock had previously closed at $40.52.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AXTA shares. Mizuho raised their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets increased their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. KeyCorp lifted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $42.45.

Axalta Coating Systems Price Performance

The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The company’s 50 day moving average price is $37.30 and its 200-day moving average price is $35.82. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.87 and a beta of 1.43.

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 (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its position in shares of Axalta Coating Systems by 9.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares in the last quarter. Interval Partners LP purchased a new stake in Axalta Coating Systems in the 1st quarter worth approximately $5,158,000. Tidal Investments LLC boosted its stake in shares of Axalta Coating Systems by 51.3% during the 1st quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company’s stock valued at $802,000 after buying an additional 7,901 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Axalta Coating Systems by 1,424.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock valued at $18,746,000 after acquiring an additional 509,333 shares in the last quarter. Finally, SG Capital Management LLC acquired a new position in shares of Axalta Coating Systems in the first quarter worth $11,280,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.