Axalta Coating Systems (NYSE:AXTA) Rating Lowered to "Hold" at Deutsche Bank Aktiengesellschaft

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $32.00 price target on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 7.58% from the stock's previous close.

AXTA has been the subject of several other reports. Barclays decreased their price objective on shares of 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. The Goldman Sachs Group decreased their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. 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 research note on Tuesday, July 1st. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Thursday, April 10th. Finally, Mizuho set a $35.00 target price on shares of Axalta Coating Systems and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.80.

Axalta Coating Systems Stock Up 0.2%

Shares of AXTA traded up $0.05 during midday trading on Friday, hitting $29.75. 2,999,857 shares of the company's stock traded hands, compared to its average volume of 2,128,494. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.83 and a beta of 1.25. Axalta Coating Systems has a 1 year low of $27.70 and a 1 year high of $41.66. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The firm's fifty day moving average is $30.67 and its 200-day moving average is $32.98.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations 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 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 EPS. As a group, sell-side analysts anticipate that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp lifted its position in Axalta Coating Systems by 8.1% in the second quarter. Truist Financial Corp now owns 7,426 shares of the specialty chemicals company's stock worth $220,000 after purchasing an additional 556 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Axalta Coating Systems by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 72,794 shares of the specialty chemicals company's stock valued at $2,161,000 after buying an additional 724 shares during the last quarter. Park Avenue Securities LLC increased its position in Axalta Coating Systems by 11.3% in the 2nd quarter. Park Avenue Securities LLC now owns 24,773 shares of the specialty chemicals company's stock valued at $736,000 after acquiring an additional 2,506 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Axalta Coating Systems by 29.5% during the second quarter. Wedge Capital Management L L P NC now owns 134,443 shares of the specialty chemicals company's stock worth $3,992,000 after purchasing an additional 30,617 shares in the last quarter. Finally, Shelton Wealth Management LLC raised its position in Axalta Coating Systems by 15.7% in the 2nd quarter. Shelton Wealth Management LLC now owns 29,910 shares of the specialty chemicals company's stock worth $888,000 after purchasing an additional 4,062 shares during the last quarter. 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.