Brokerages Set Axalta Coating Systems Ltd. (NYSE:AXTA) PT at $42.55

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.50.

AXTA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup downgraded shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and decreased their target price for the company from $45.00 to $41.00 in a research report on Wednesday. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 target price on the stock. BMO Capital Markets lifted 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. Finally, Royal Bank of Canada upped their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, November 1st.

Hedge Funds Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXTA. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock worth $512,890,000 after purchasing an additional 137,209 shares during the period. Victory Capital Management Inc. boosted its position in shares of Axalta Coating Systems by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after acquiring an additional 550,970 shares in the last quarter. State Street Corp increased its stake in Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock valued at $246,923,000 after acquiring an additional 46,813 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock worth $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after purchasing an additional 31,894 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 1.6 %

NYSE AXTA traded down $0.57 on Thursday, reaching $34.44. The company had a trading volume of 2,645,035 shares, compared to its average volume of 1,993,596. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a 52 week low of $30.40 and a 52 week high of $41.65. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 0.83 and a beta of 1.44. The stock's 50 day moving average is $38.42 and its 200-day moving average is $36.31.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities analysts predict that Axalta Coating Systems will post 2.16 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.