Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $40.44 Consensus Target Price from Brokerages

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.44.

A number of research firms have weighed in on AXTA. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Citigroup reissued a "neutral" rating and issued a $34.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Wall Street Zen lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Axalta Coating Systems by 3,005.3% in the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company's stock worth $2,549,000 after purchasing an additional 74,380 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Axalta Coating Systems by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 25,540 shares of the specialty chemicals company's stock worth $847,000 after purchasing an additional 675 shares during the period. American Century Companies Inc. lifted its stake in Axalta Coating Systems by 57.8% in the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock valued at $12,183,000 after acquiring an additional 130,427 shares during the last quarter. Fifth Third Bancorp lifted its stake in Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after acquiring an additional 401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Axalta Coating Systems by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock valued at $49,031,000 after acquiring an additional 9,572 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 2.2%

Shares of AXTA traded down $0.68 on Monday, hitting $30.19. 2,010,428 shares of the stock traded hands, compared to its average volume of 2,098,547. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $6.60 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.87 and a beta of 1.25. The stock's 50 day moving average is $31.04 and its two-hundred day moving average is $33.25. Axalta Coating Systems has a 1 year low of $27.70 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, sell-side analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current 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.