Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $42.45 Average Price Target from Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has received a consensus rating of "Buy" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $42.45.

Several analysts have weighed in on AXTA shares. KeyCorp boosted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. 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 note on Wednesday, November 13th. Evercore ISI started coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 target price on the stock. Royal Bank of Canada upped their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in shares of Axalta Coating Systems by 3.0% during the second quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company's stock valued at $30,623,000 after acquiring an additional 25,717 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Axalta Coating Systems by 126.7% in the second quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company's stock valued at $26,817,000 after purchasing an additional 443,946 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Axalta Coating Systems by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock valued at $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $541,000. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Axalta Coating Systems by 1,424.5% in the first quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company's stock valued at $18,746,000 after purchasing an additional 509,333 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock traded up $0.74 during trading hours on Friday, hitting $40.52. 2,196,600 shares of the stock traded hands, compared to its average volume of 2,030,658. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The firm's 50 day moving average price is $37.30 and its 200-day moving average price is $35.82. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.85 and a beta of 1.43. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $40.91.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $1.32 billion for 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 company's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities analysts expect that Axalta Coating Systems will post 2.16 EPS for the current fiscal 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.