KeyCorp Raises Axalta Coating Systems (NYSE:AXTA) Price Target to $45.00

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its price objective raised by investment analysts at KeyCorp from $44.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the specialty chemicals company's stock. KeyCorp's price objective indicates a potential upside of 18.30% from the company's current price.

A number of other research analysts have also recently commented on AXTA. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Mizuho boosted their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday. Barclays boosted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Finally, Robert W. Baird boosted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.30.

Axalta Coating Systems Price Performance

AXTA stock traded down $0.28 during trading on Thursday, hitting $38.04. The stock had a trading volume of 2,240,879 shares, compared to its average volume of 2,035,045. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. Axalta Coating Systems has a twelve month low of $25.92 and a twelve month high of $38.77. The stock has a market capitalization of $8.39 billion, a P/E ratio of 34.20, a PEG ratio of 0.87 and a beta of 1.44. The company's 50-day moving average price is $35.86 and its two-hundred day moving average price is $34.99.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. Axalta Coating Systems's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts predict that Axalta Coating Systems will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its position in Axalta Coating Systems by 111.5% during the second 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 during the last quarter. UMB Bank n.a. boosted 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 worth $56,000 after acquiring an additional 733 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Axalta Coating Systems during the second quarter worth approximately $71,000. Finally, Quarry LP acquired a new stake in Axalta Coating Systems during the second quarter worth approximately $73,000. 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.

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