Axalta Coating Systems Ltd. (NYSE:AXTA) Given Average Recommendation of "Moderate Buy" by Brokerages

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $43.08.

Several analysts have issued reports on AXTA shares. Citigroup cut Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their price objective for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. KeyCorp reaffirmed a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Mizuho dropped their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th.

Axalta Coating Systems Trading Down 1.7 %

AXTA stock traded down $0.60 during midday trading on Tuesday, hitting $34.82. The stock had a trading volume of 600,046 shares, compared to its average volume of 1,929,071. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The firm has a market cap of $7.60 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company's 50-day moving average price is $35.96 and its 200 day moving average price is $36.68. Axalta Coating Systems has a 12-month low of $30.41 and a 12-month high of $41.65.

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Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The company's revenue was up 1.1% on a year-over-year basis. On average, equities research analysts predict that Axalta Coating Systems will post 2.55 earnings per share 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 on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Axalta Coating Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXTA. Victory Capital Management Inc. grew its position in Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock worth $387,439,000 after acquiring an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Axalta Coating Systems by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock valued at $386,032,000 after acquiring an additional 50,520 shares during the last quarter. State Street Corp boosted its holdings in Axalta Coating Systems by 0.7% during the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after buying an additional 46,813 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Axalta Coating Systems by 1.3% in the 4th quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock valued at $225,789,000 after acquiring an additional 82,200 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock worth $191,190,000 after purchasing an additional 1,980,296 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.