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

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three investment 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. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.08.

AXTA has been the subject of a number of research analyst reports. Mizuho lowered their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Citigroup cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

Remove Ads

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Trading of Axalta Coating Systems

Several large investors have recently modified their holdings of AXTA. Janney Montgomery Scott LLC boosted its stake in Axalta Coating Systems by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after acquiring an additional 323 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after purchasing an additional 332 shares during the period. CIBC Asset Management Inc boosted its position in shares of Axalta Coating Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock worth $231,000 after purchasing an additional 334 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Axalta Coating Systems by 2.9% in the 4th quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock valued at $419,000 after buying an additional 343 shares during the period. Finally, Optas LLC grew its stake in shares of Axalta Coating Systems by 7.3% in the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock valued at $206,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

AXTA stock traded up $0.33 during midday trading on Friday, reaching $33.19. The company had a trading volume of 1,984,928 shares, compared to its average volume of 2,004,362. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems has a 1-year low of $30.41 and a 1-year high of $41.66. The stock has a 50 day moving average price of $35.84 and a 200-day moving average price of $36.57.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share 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 company 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 firm posted $0.43 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current year.

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.