Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $43.08 Consensus Target Price from Brokerages

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

AXTA has been the subject of several research reports. Citigroup lowered 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. Mizuho lowered their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays upped their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th.

Axalta Coating Systems Stock Up 1.5 %

Shares of NYSE AXTA opened at $33.87 on Friday. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.92 and a beta of 1.33. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The firm’s fifty day moving average is $35.65 and its 200 day moving average is $36.54. Axalta Coating Systems has a 52 week low of $30.41 and a 52 week high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted $0.43 EPS. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insider Activity

In other news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AXTA. Geode Capital Management LLC increased its stake in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after purchasing an additional 31,894 shares in the last quarter. Oak Thistle LLC increased its position in Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after buying an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Axalta Coating Systems by 5.8% in the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after buying an additional 24,402 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after buying an additional 332 shares during the period. Finally, Barclays PLC lifted its position in shares of Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock valued at $5,589,000 after buying an additional 51,748 shares in 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.