Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its price objective raised by analysts at Royal Bank of Canada from $44.00 to $46.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank of Canada's price objective suggests a potential upside of 21.05% from the stock's current price.

A number of other equities research analysts also recently weighed in on AXTA. KeyCorp raised their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group dropped their price target on Axalta Coating Systems from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, July 9th. Robert W. Baird increased 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. Mizuho upped their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.70.

Axalta Coating Systems Price Performance

NYSE:AXTA traded up $0.08 during trading hours on Friday, reaching $38.00. 2,857,784 shares of the company were exchanged, compared to its average volume of 2,044,568. The company has a market capitalization of $8.33 billion, a P/E ratio of 25.59, a P/E/G ratio of 0.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.70. The business has a 50 day moving average of $35.92 and a 200 day moving average of $35.01. Axalta Coating Systems has a 1-year low of $28.69 and a 1-year high of $38.77.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Axalta Coating Systems's revenue for the quarter was up .8% compared to the same quarter last year. Research analysts forecast that Axalta Coating Systems will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in Axalta Coating Systems during the second quarter worth about $30,000. GAMMA Investing LLC grew its holdings in shares of Axalta Coating Systems by 111.5% in the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock valued at $48,000 after acquiring an additional 747 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Axalta Coating Systems during the third quarter valued at approximately $54,000. UMB Bank n.a. boosted its position in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 733 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in Axalta Coating Systems in the 2nd quarter valued at $71,000. Hedge funds and other 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.