Axalta Coating Systems (NYSE:AXTA) Price Target Lowered to $37.00 at Wells Fargo & Company

Axalta Coating Systems (NYSE:AXTA - Free Report) had its price target trimmed by Wells Fargo & Company from $42.00 to $37.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company's stock.

A number of other research firms also recently weighed in on AXTA. Citigroup dropped their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Barclays upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.64.

Axalta Coating Systems Stock Up 1.7 %

NYSE AXTA traded up $0.51 on Wednesday, reaching $31.18. The stock had a trading volume of 1,658,666 shares, compared to its average volume of 2,045,093. The business has a 50 day moving average price of $34.48 and a 200 day moving average price of $36.16. Axalta Coating Systems has a 1 year low of $27.70 and a 1 year high of $41.66. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 0.92 and a beta of 1.33. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.31 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The business's quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts forecast that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Troy D. Weaver sold 10,457 shares of the business's 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 transaction, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axalta Coating Systems

Several large investors have recently added to or reduced their stakes in AXTA. Eagle Bay Advisors LLC increased its holdings in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 443 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of Axalta Coating Systems by 11,757.1% during the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 823 shares during the period. Jones Financial Companies Lllp lifted its holdings in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. lifted its stake in Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares in the last quarter. Finally, Plato Investment Management Ltd increased its position in shares of Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after purchasing an additional 1,365 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

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.