Axalta Coating Systems (NYSE:AXTA) Coverage Initiated at Evercore ISI

Equities researchers at Evercore ISI initiated coverage on shares of Axalta Coating Systems (NYSE:AXTA - Get Free Report) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $47.00 price target on the specialty chemicals company's stock. Evercore ISI's target price would indicate a potential upside of 15.93% from the company's previous close.

Other equities analysts have also issued research reports about the company. KeyCorp lifted 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. JPMorgan Chase & Co. boosted 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. Barclays raised their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Robert W. Baird upped their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price target 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. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.45.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA traded up $0.94 during trading on Wednesday, reaching $40.54. 729,222 shares of the company traded hands, compared to its average volume of 2,022,491. The firm has a market capitalization of $8.84 billion, a PE ratio of 27.38, a PEG ratio of 0.85 and a beta of 1.43. The company's 50 day moving average is $36.46 and its two-hundred day moving average is $35.51. Axalta Coating Systems has a 52 week low of $30.40 and a 52 week high of $40.56. 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 (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Axalta Coating Systems will post 2.16 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Axalta Coating Systems by 2.4% during the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock worth $817,230,000 after purchasing an additional 554,806 shares during the period. Edgestream Partners L.P. purchased a new stake in Axalta Coating Systems during the first quarter valued at about $1,745,000. Entropy Technologies LP purchased a new stake in shares of Axalta Coating Systems during the first quarter worth about $686,000. Toronto Dominion Bank bought a new stake in Axalta Coating Systems in the first quarter valued at $12,556,000. Finally, Federated Hermes Inc. increased its stake in shares of Axalta Coating Systems by 3.0% in the 2nd quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company's stock worth $30,623,000 after acquiring an additional 25,717 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

About Axalta Coating Systems

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.