Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Axalta Coating Systems (NYSE:AXTA) had its target price upped by Wells Fargo & Company from $37.00 to $40.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other research analysts also recently weighed in on the stock. BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Barclays upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.60.

Axalta Coating Systems Stock Down 0.6 %

AXTA stock opened at $31.08 on Thursday. The company’s 50-day moving average price is $32.50 and its 200 day moving average price is $35.55. The company has a market cap of $6.79 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 1.35. Axalta Coating Systems has a 52 week low of $27.70 and a 52 week high of $41.66. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, research analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oak Thistle LLC raised its position in Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares during the period. American Century Companies Inc. grew its stake in shares of Axalta Coating Systems by 57.8% in the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock valued at $12,183,000 after buying an additional 130,427 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock valued at $218,000 after buying an additional 332 shares during the period. Barclays PLC lifted its position in Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock worth $5,589,000 after acquiring an additional 51,748 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Axalta Coating Systems by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company’s stock worth $5,097,000 after acquiring an additional 53,222 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.