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

Axalta Coating Systems (NYSE:AXTA) had its price objective boosted by Barclays from $38.00 to $40.00 in a report released on Thursday, Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently commented on AXTA. Robert W. Baird increased their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an outperform rating in a research note on Thursday. UBS Group downgraded Axalta Coating Systems from a buy rating to a neutral rating and boosted their price target for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Wells Fargo & Company raised their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the company an equal weight rating in a research report on Tuesday, January 9th. Mizuho decreased their target price on Axalta Coating Systems from $40.00 to $38.00 and set a buy rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an overweight rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $38.00.

Axalta Coating Systems Stock Up 1.1 %

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

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

Institutional Investors Weigh In On Axalta Coating Systems

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 338 shares during the period. TFO Wealth Partners LLC boosted its stake in shares of Axalta Coating Systems by 12,022.2% in the 4th quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 1,082 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Axalta Coating Systems during the 4th quarter valued at approximately $48,000. CWM LLC lifted its stake in Axalta Coating Systems by 35.6% in the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 649 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Axalta Coating Systems in the 4th quarter valued at approximately $88,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.