Axalta Coating Systems (NYSE:AXTA) Cut to Hold at Deutsche Bank Aktiengesellschaft

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $32.00 target price on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 7.71% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $51.00 to $33.00 in a research note on Wednesday. The Goldman Sachs Group decreased their price target on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Mizuho set a $35.00 target price on Axalta Coating Systems and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Barclays lowered their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA traded down $0.36 during trading hours on Friday, hitting $29.71. 3,746,163 shares of the company's stock traded hands, compared to its average volume of 2,124,995. The company's fifty day simple moving average is $30.67 and its two-hundred day simple moving average is $32.98. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems has a 52 week low of $27.70 and a 52 week high of $41.66.

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

Institutional Investors Weigh In On Axalta Coating Systems

A number of large investors have recently bought and sold shares of AXTA. Norges Bank acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $87,850,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock worth $191,190,000 after buying an additional 1,980,296 shares during the last quarter. Nuveen LLC bought a new stake in shares of Axalta Coating Systems during the first quarter worth $57,682,000. SG Americas Securities LLC bought a new position in shares of Axalta Coating Systems in the 1st quarter valued at $55,876,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $56,215,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.