KeyCorp Reaffirms Sector Weight Rating for Axalta Coating Systems (NYSE:AXTA)

KeyCorp reiterated their sector weight rating on shares of Axalta Coating Systems (NYSE:AXTA - Free Report) in a research report report published on Tuesday morning, MarketBeat reports.

A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Evercore ISI assumed coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. Mizuho lifted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Barclays upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.45.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $1.33 during midday trading on Tuesday, reaching $36.39. The stock had a trading volume of 3,489,676 shares, compared to its average volume of 1,987,063. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The firm's fifty day simple moving average is $38.50 and its 200-day simple moving average is $36.33. The stock has a market capitalization of $7.94 billion, a P/E ratio of 24.59, a PEG ratio of 0.83 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, equities research analysts forecast that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXTA. Plato Investment Management Ltd bought a new stake in Axalta Coating Systems during the second quarter valued at $30,000. First Horizon Advisors Inc. lifted its stake in shares of Axalta Coating Systems by 35.2% in the 3rd 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 purchased a new position in Axalta Coating Systems during the third quarter valued at $37,000. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at about $41,000. Finally, Capital Performance Advisors LLP bought a new stake in Axalta Coating Systems in the 3rd quarter valued at $54,000. 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.