Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $40.00

Axalta Coating Systems (NYSE:AXTA) had its price objective hoisted by KeyCorp from $38.00 to $40.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Other analysts also recently issued research reports about the company. Barclays boosted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a report on Thursday. Mizuho cut their price target on shares of Axalta Coating Systems from $40.00 to $38.00 and set a buy rating on the stock in a report on Thursday. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an outperform rating in a research note on Thursday. Finally, UBS Group lowered Axalta Coating Systems from a buy rating to a neutral rating and increased their target price for the company from $35.00 to $36.00 in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $38.00.

Axalta Coating Systems Trading Up 1.1 %

Shares of NYSE:AXTA opened at $35.20 on Thursday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.09 and a beta of 1.51. Axalta Coating Systems has a 1-year low of $25.03 and a 1-year high of $35.31. The company has a 50 day moving average price of $32.84 and a 200 day moving average price of $31.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, research analysts anticipate that Axalta Coating Systems will post 1.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of Axalta Coating Systems in the 1st quarter valued at $877,000. Mutual of America Capital Management LLC raised its holdings in Axalta Coating Systems by 3.4% during the first quarter. Mutual of America Capital Management LLC now owns 209,385 shares of the specialty chemicals company’s stock valued at $7,201,000 after buying an additional 6,801 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Axalta Coating Systems by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 422,107 shares of the specialty chemicals company’s stock worth $14,516,000 after buying an additional 169,434 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock worth $9,504,000 after acquiring an additional 726 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 829,262 shares of the specialty chemicals company’s stock valued at $28,518,000 after acquiring an additional 19,720 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

About Axalta Coating Systems

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.