Brokerages Set Axalta Coating Systems Ltd. (NYSE:AXTA) Target Price at $41.36

Axalta Coating Systems Ltd. (NYSE:AXTA) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.36.

Several brokerages have recently issued reports on AXTA. Citigroup lowered their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. StockNews.com cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th.

Axalta Coating Systems Trading Up 0.2 %

NYSE AXTA opened at $31.82 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems has a 52 week low of $27.70 and a 52 week high of $41.66. The stock has a market capitalization of $6.95 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The firm has a 50 day moving average of $33.07 and a two-hundred day moving average of $35.77.

Axalta Coating Systems (NYSE:AXTA) last posted 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, research analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the sale, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC boosted its stake in shares of Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 443 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Axalta Coating Systems by 11,757.1% during the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 823 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 498 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

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.