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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $40.60.

Several brokerages recently issued reports on AXTA. Morgan Stanley cut their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. Barclays decreased their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, May 15th. Finally, BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Thursday, April 10th.

Institutional Trading of Axalta Coating Systems

Institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. grew its stake in shares of Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 823 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 488 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Axalta Coating Systems by 951.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 1,199 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 498 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Axalta Coating Systems by 31.1% during the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 651 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

AXTA opened at $30.52 on Monday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.87 and a beta of 1.25. The business’s 50-day moving average price is $30.88 and its two-hundred day moving average price is $33.14. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems has a 1 year low of $27.70 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. Axalta Coating Systems’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

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.