Axalta Coating Systems (NYSE:AXTA) Price Target Increased to $38.00 by Analysts at JPMorgan Chase & Co.

Axalta Coating Systems (NYSE:AXTAFree Report) had its target price upped by JPMorgan Chase & Co. from $35.00 to $38.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

AXTA has been the subject of several other reports. StockNews.com upgraded Axalta Coating Systems from a hold rating to a buy rating in a report on Friday, November 3rd. Wells Fargo & Company increased their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an equal weight rating in a report on Tuesday, January 9th. Royal Bank of Canada increased their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Finally, UBS Group downgraded shares of Axalta Coating Systems from a buy rating to a neutral rating and increased their target price for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $34.42.

View Our Latest Stock Report on Axalta Coating Systems

Axalta Coating Systems Stock Up 0.9 %

Axalta Coating Systems stock opened at $31.33 on Friday. The firm’s 50 day moving average price is $32.99 and its two-hundred day moving average price is $29.99. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.50 and a current ratio of 2.05. Axalta Coating Systems has a twelve month low of $25.03 and a twelve month high of $34.45. The firm has a market cap of $6.95 billion, a PE ratio of 29.28, a P/E/G ratio of 1.56 and a beta of 1.52.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.98% and a net margin of 4.64%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. Axalta Coating Systems’s revenue was up 4.9% on a year-over-year basis. On average, research analysts predict that Axalta Coating Systems will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Anthony Massey sold 17,915 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total value of $553,215.20. Following the completion of the transaction, the vice president now owns 19,420 shares in the company, valued at $599,689.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Anthony Massey sold 17,915 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total value of $553,215.20. Following the completion of the sale, the vice president now owns 19,420 shares of the company’s stock, valued at $599,689.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Hadi Awada sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $31.99, for a total transaction of $335,895.00. Following the completion of the sale, the senior vice president now directly owns 14,656 shares of the company’s stock, valued at approximately $468,845.44. The disclosure for this sale can be found here. Insiders sold a total of 35,915 shares of company stock worth $1,123,035 over the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its holdings in Axalta Coating Systems by 12.9% during the 1st quarter. US Bancorp DE now owns 10,087 shares of the specialty chemicals company’s stock worth $248,000 after acquiring an additional 1,149 shares during the period. Private Advisor Group LLC grew its holdings in Axalta Coating Systems by 22.9% during the 1st quarter. Private Advisor Group LLC now owns 13,931 shares of the specialty chemicals company’s stock worth $342,000 after acquiring an additional 2,596 shares during the period. PNC Financial Services Group Inc. grew its holdings in Axalta Coating Systems by 46.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,585 shares of the specialty chemicals company’s stock worth $433,000 after acquiring an additional 5,583 shares during the period. Bank of Montreal Can grew its holdings in Axalta Coating Systems by 6.3% during the 1st quarter. Bank of Montreal Can now owns 88,054 shares of the specialty chemicals company’s stock worth $2,213,000 after acquiring an additional 5,221 shares during the period. Finally, BlackRock Inc. grew its holdings in Axalta Coating Systems by 5.5% during the 1st quarter. BlackRock Inc. now owns 12,855,345 shares of the specialty chemicals company’s stock worth $315,984,000 after acquiring an additional 674,477 shares during the period. Institutional investors and hedge funds own 98.64% of the company’s stock.

Axalta Coating Systems Company Profile

(Get Free Report)

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 Mobility 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.

Further Reading

Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.