Axalta Coating Systems Ltd (NYSE:AXTA) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.73.
A number of equities analysts have commented on the company. Bank of America raised Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday. Zacks Investment Research cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. UBS Group set a $32.00 target price on Axalta Coating Systems and gave the company a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group set a $34.00 target price on Axalta Coating Systems and gave the company a “buy” rating in a report on Thursday, December 13th. Finally, ValuEngine cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Friday, November 16th.
NYSE AXTA traded down $0.06 during trading hours on Friday, reaching $24.96. The company’s stock had a trading volume of 1,753,434 shares, compared to its average volume of 1,677,625. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.35 and a beta of 1.25. Axalta Coating Systems has a 1-year low of $21.58 and a 1-year high of $33.30. The company has a current ratio of 2.23, a quick ratio of 1.63 and a debt-to-equity ratio of 2.86.
Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%. Equities analysts predict that Axalta Coating Systems will post 1.26 EPS for the current fiscal year.
In other news, Director Charles W. Shaver sold 71,897 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $25.02, for a total value of $1,798,862.94. Following the completion of the sale, the director now directly owns 442,419 shares in the company, valued at $11,069,323.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AXTA. Moneta Group Investment Advisors LLC grew its position in Axalta Coating Systems by 113.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 2,118 shares during the period. Chicago Partners Investment Group LLC grew its position in Axalta Coating Systems by 78.1% in the second quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock worth $124,000 after acquiring an additional 1,800 shares during the period. Captrust Financial Advisors grew its position in Axalta Coating Systems by 120.7% in the second quarter. Captrust Financial Advisors now owns 6,742 shares of the specialty chemicals company’s stock worth $204,000 after acquiring an additional 3,687 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Axalta Coating Systems in the second quarter worth approximately $263,000. Finally, Cerebellum GP LLC grew its position in Axalta Coating Systems by 80.0% in the fourth quarter. Cerebellum GP LLC now owns 11,260 shares of the specialty chemicals company’s stock worth $264,000 after acquiring an additional 5,004 shares during the period. Institutional investors own 99.82% of the company’s stock.
About Axalta Coating Systems
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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