Axalta Coating Systems (NYSE:AXTA) Raised to Outperform at Wolfe Research

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was upgraded by investment analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a $41.00 price target on the specialty chemicals company's stock. Wolfe Research's price objective points to a potential upside of 13.03% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. Mizuho dropped their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Finally, BMO Capital Markets boosted their target price 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. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded up $0.62 during mid-day trading on Friday, reaching $36.28. 1,401,029 shares of the company's stock were exchanged, compared to its average volume of 1,522,857. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The business's fifty day simple moving average is $37.33 and its two-hundred day simple moving average is $36.22. The firm has a market capitalization of $7.91 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business's revenue was up .8% compared to the same quarter last year. Analysts anticipate that Axalta Coating Systems will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 266 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after purchasing an additional 323 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Signaturefd LLC raised its position in Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock valued at $130,000 after purchasing an additional 444 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 30.2% during the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company's stock valued at $71,000 after purchasing an additional 455 shares in the last quarter. Institutional investors 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.