Analysts Set Axalta Coating Systems Ltd. (NYSE:AXTA) PT at $43.18

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $43.18.

Several equities analysts have recently weighed in on the stock. Citigroup lowered shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Mizuho reduced their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th.

Axalta Coating Systems Stock Performance

AXTA stock opened at $33.76 on Monday. The firm has a market cap of $7.36 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.83 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. The stock has a 50-day moving average price of $37.73 and a 200-day moving average price of $36.20. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts expect that Axalta Coating Systems will post 2.16 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in Axalta Coating Systems in the 2nd quarter worth about $30,000. First Horizon Advisors Inc. lifted its position 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 worth $37,000 after buying an additional 266 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Axalta Coating Systems in the 3rd quarter worth approximately $37,000. Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems in the third quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Axalta Coating Systems during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Company Profile

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.