Axalta Coating Systems (NYSE:AXTA) Given New $42.00 Price Target at Deutsche Bank Aktiengesellschaft

Axalta Coating Systems (NYSE:AXTA - Free Report) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $44.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company's stock.

A number of other equities analysts have also issued reports on AXTA. Citigroup lowered shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Wednesday. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Barclays lifted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday. Finally, Evercore ISI began coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Axalta Coating Systems Price Performance

AXTA traded down $0.57 during midday trading on Thursday, reaching $34.44. 2,645,035 shares of the company's stock were exchanged, 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. The business has a 50-day simple moving average of $38.46 and a two-hundred day simple moving average of $36.32. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65.

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. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Trading of Axalta Coating Systems

Several hedge funds and other institutional investors have recently modified their holdings of AXTA. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems in the 2nd quarter valued at $30,000. First Horizon Advisors Inc. increased its position in shares of Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Axalta Coating Systems in the third quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new position in Axalta Coating Systems during the third quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP bought a new position in Axalta Coating Systems in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.28% of the company's stock.

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.