Axalta Coating Systems (NYSE:AXTA) Reaches New 1-Year High - What's Next?

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $37.85 and last traded at $37.85, with a volume of 19208 shares changing hands. The stock had previously closed at $35.41.

Wall Street Analyst Weigh In

AXTA has been the subject of a number of recent research reports. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Robert W. Baird boosted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Finally, UBS Group decreased their price target on Axalta Coating Systems from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Axalta Coating Systems Trading Up 8.2 %

The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. The firm has a market capitalization of $8.46 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The stock's 50-day moving average price is $35.80 and its 200 day moving average price is $34.97.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors have recently bought and sold shares of AXTA. Plato Investment Management Ltd bought a new position in Axalta Coating Systems in the second quarter worth about $30,000. GAMMA Investing LLC raised its stake in shares of Axalta Coating Systems by 111.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock worth $48,000 after acquiring an additional 747 shares in the last quarter. UMB Bank n.a. lifted its position in Axalta Coating Systems by 90.2% during the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock valued at $56,000 after acquiring an additional 733 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Axalta Coating Systems in the second quarter valued at approximately $71,000. Finally, Quarry LP acquired a new position in shares of Axalta Coating Systems during the second quarter worth $73,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.