Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $45.00

Axalta Coating Systems (NYSE:AXTA) had its target price hoisted by Barclays from $44.00 to $45.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the specialty chemicals company’s stock.

AXTA has been the subject of several other research reports. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Friday, January 17th. Evercore ISI started coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $37.21 on Wednesday. The firm has a 50-day moving average price of $36.42 and a 200-day moving average price of $36.41. The firm has a market capitalization of $8.11 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a 12-month low of $30.40 and a 12-month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. As a group, equities research analysts forecast that Axalta Coating Systems will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AXTA. Eagle Bay Advisors LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 443 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $37,000. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $41,000. Finally, Jones Financial Companies Lllp lifted its holdings 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 valued at $45,000 after purchasing an additional 498 shares during 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.