Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.70.

A number of brokerages recently weighed in on AXTA. JPMorgan Chase & Co. boosted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Wells Fargo & Company raised their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Wolfe Research began coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and raised their price target for the company from $35.00 to $36.00 in a research note on Monday, January 8th. Finally, Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AXTA. Wellington Management Group LLP increased its holdings in Axalta Coating Systems by 9.0% in the third quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock worth $125,292,000 after purchasing an additional 382,949 shares in the last quarter. Hawk Ridge Capital Management LP lifted its position in shares of Axalta Coating Systems by 49.3% during the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock valued at $79,414,000 after acquiring an additional 974,973 shares during the period. JPMorgan Chase & Co. boosted its stake in Axalta Coating Systems by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock worth $362,366,000 after acquiring an additional 1,415,723 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Axalta Coating Systems by 11.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,644,246 shares of the specialty chemicals company’s stock worth $71,130,000 after purchasing an additional 272,455 shares during the period. Finally, Prospector Partners LLC increased its stake in Axalta Coating Systems by 10.2% in the third quarter. Prospector Partners LLC now owns 323,930 shares of the specialty chemicals company’s stock valued at $8,714,000 after purchasing an additional 29,930 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Up 0.8 %

AXTA stock opened at $31.78 on Friday. The firm has a 50-day moving average price of $32.66 and a 200-day moving average price of $31.49. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $34.53. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $7.00 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. Axalta Coating Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Axalta Coating Systems will post 1.88 EPS for the current fiscal year.

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.