Axalta Coating Systems (AXTA) Stock Forecast, Price & News

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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It also provides functional and decorative liquid, and powder coatings used in various industrial applications, including architectural cladding and fittings, automotive coatings, general industrial, job coaters, energy solutions, HVAC, appliances, industrial wood, coil, and oil and gas pipelines; and coatings for building materials, cabinet, wood and luxury vinyl flooring, and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Tufcote, and Ceranamel for liquid coatings; and Alesta, Nap-Gard, Abcite, Teodur, and Plascoat brands for powder coatings. In addition, the company develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. It also sells its product under the Audurra, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Philadelphia, Pennsylvania.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded up $0.11 during mid-day trading on Friday, reaching $25.44. 1,720,880 shares of the company's stock were exchanged, compared to its average volume of 2,436,931. Axalta Coating Systems has a one year low of $21.44 and a one year high of $34.12. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.33 and a current ratio of 1.93. The business's fifty day simple moving average is $24.61 and its two-hundred day simple moving average is $25.69. The firm has a market capitalization of $5.61 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Rating) last announced its earnings results on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a net margin of 4.49% and a return on equity of 21.80%. During the same quarter last year, the firm posted $0.48 EPS. Analysts anticipate that Axalta Coating Systems will post 1.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AXTA shares. StockNews.com cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Friday, July 8th. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $34.00 to $27.00 in a report on Monday, April 18th. Mizuho cut their price target on Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, July 14th. KeyCorp upped their price objective on shares of Axalta Coating Systems from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, July 28th. Finally, Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.73.