Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $38.80 Consensus Target Price from Analysts

Key Points

• Axalta Coating Systems Ltd. has received an average rating of “Moderate Buy” from 15 brokerages, with a consensus price target of $38.80.
• Recent evaluations from analysts show a trend of downgrades, with Deutsche Bank, JPMorgan, and BMO Capital Markets all reducing their ratings and price targets for the stock.
• The company reported $0.64 EPS for the last quarter, beating estimates, but its quarterly revenue declined by 3.4% year-over-year.

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.7143.

Several brokerages have recently weighed in on AXTA. Mizuho lowered their target price on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Wells Fargo & Company lowered their target price on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. BNP Paribas upgraded Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $51.00 to $33.00 in a report on Wednesday, July 16th.

Axalta Coating Systems Price Performance

AXTA stock traded up $0.10 during trading on Friday, hitting $27.92. The stock had a trading volume of 490,725 shares, compared to its average volume of 2,370,722. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems has a twelve month low of $27.58 and a twelve month high of $41.65. The stock has a market capitalization of $6.05 billion, a P/E ratio of 13.69, a PEG ratio of 1.33 and a beta of 1.27. The company's 50-day moving average price is $30.07 and its two-hundred day moving average price is $32.60.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%. Axalta Coating Systems's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. As a group, research analysts predict that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in Axalta Coating Systems by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 8,270 shares of the specialty chemicals company's stock valued at $283,000 after purchasing an additional 639 shares during the period. LPL Financial LLC raised its position in Axalta Coating Systems by 46.1% in the fourth quarter. LPL Financial LLC now owns 82,380 shares of the specialty chemicals company's stock valued at $2,819,000 after purchasing an additional 25,987 shares during the period. Norges Bank purchased a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $87,850,000. Pictet Asset Management Holding SA raised its position in Axalta Coating Systems by 5.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 30,682 shares of the specialty chemicals company's stock valued at $1,050,000 after purchasing an additional 1,713 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $13,512,000. Institutional investors and hedge funds own 98.28% of the company's stock.

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.