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

Axalta Coating Systems Ltd. (NYSE:AXTA) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.00.

AXTA has been the subject of several recent analyst reports. Barclays raised their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. UBS Group dropped their target price on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Mizuho increased their price target on Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, KeyCorp boosted their price target on Axalta Coating Systems from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Axalta Coating Systems in the 4th quarter valued at $82,878,000. Millennium Management LLC lifted its position in Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after purchasing an additional 1,292,434 shares during the period. Locust Wood Capital Advisers LLC boosted its holdings in Axalta Coating Systems by 63.8% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock valued at $109,989,000 after purchasing an additional 1,245,223 shares during the last quarter. Interval Partners LP grew its position in Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock worth $41,857,000 after purchasing an additional 1,074,961 shares during the period. Finally, Vanguard Group Inc. raised its position in Axalta Coating Systems by 2.4% during the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock valued at $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 0.1 %

AXTA opened at $34.62 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.70 and a debt-to-equity ratio of 1.97. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.82 and a beta of 1.44. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $37.49. The stock has a fifty day moving average price of $34.91 and a 200-day moving average price of $34.26.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Axalta Coating Systems will post 2.05 earnings per share 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.