Analysts Set Axalta Coating Systems Ltd. (NYSE:AXTA) Price Target at $41.00

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.00.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. KeyCorp increased their price target on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Royal Bank of Canada lifted 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. Robert W. Baird increased their target price 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. 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 research note on Tuesday, July 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AXTA. Millennium Management LLC boosted its position in shares of Axalta Coating Systems by 89.7% in the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company's stock worth $93,411,000 after buying an additional 1,292,434 shares in the last quarter. Locust Wood Capital Advisers LLC grew its position in shares of Axalta Coating Systems by 63.8% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company's stock valued at $109,989,000 after purchasing an additional 1,245,223 shares during the last quarter. Interval Partners LP grew its position in shares of Axalta Coating Systems by 716.6% in the second quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company's stock valued at $41,857,000 after purchasing an additional 1,074,961 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock worth $817,230,000 after purchasing an additional 554,806 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Axalta Coating Systems by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after purchasing an additional 550,970 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

NYSE AXTA traded up $2.93 during trading on Wednesday, reaching $38.34. The company's stock had a trading volume of 5,530,160 shares, compared to its average volume of 2,034,066. The business's fifty day moving average price is $35.80 and its 200-day moving average price is $34.97. Axalta Coating Systems has a twelve month low of $25.92 and a twelve month high of $38.77. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 0.87 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Axalta Coating Systems will post 2.06 EPS for the current fiscal year.

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.