Mizuho Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $41.00

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its price target dropped by equities research analysts at Mizuho from $43.00 to $41.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the specialty chemicals company's stock. Mizuho's price objective suggests a potential upside of 19.88% from the stock's previous close.

A number of other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Barclays boosted 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. Evercore ISI started coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target for the company. KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Finally, BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of "Moderate Buy" and an average price target of $42.33.

Axalta Coating Systems Stock Down 1.1 %

Shares of NYSE AXTA traded down $0.37 during trading on Tuesday, hitting $34.20. The stock had a trading volume of 1,920,246 shares, compared to its average volume of 1,814,486. 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 has a fifty day moving average of $37.99 and a two-hundred day moving average of $36.21. Axalta Coating Systems has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a market capitalization of $7.46 billion, a PE ratio of 23.11, a PEG ratio of 0.83 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 for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities research analysts forecast that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Arizona State Retirement System increased its position in shares of Axalta Coating Systems by 1.9% in the second quarter. Arizona State Retirement System now owns 61,630 shares of the specialty chemicals company's stock valued at $2,106,000 after acquiring an additional 1,146 shares during the period. Savant Capital LLC purchased a new position in shares of Axalta Coating Systems during the second quarter valued at approximately $541,000. Oak Thistle LLC bought a new position in shares of Axalta Coating Systems during the second quarter valued at approximately $362,000. United Services Automobile Association lifted its stake in Axalta Coating Systems by 6.7% in the second quarter. United Services Automobile Association now owns 17,991 shares of the specialty chemicals company's stock worth $615,000 after acquiring an additional 1,131 shares during the period. Finally, Chesapeake Capital Corp IL bought a new stake in Axalta Coating Systems in the second quarter valued at $588,000. 98.28% of the stock is owned by hedge funds and other 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.