Axalta Coating Systems Ltd. (NYSE:AXTA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $43.08.

A number of brokerages have recently weighed in on AXTA. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective for the company. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Barclays boosted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction 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 approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of Axalta Coating Systems

A number of hedge funds have recently modified their holdings of AXTA. Norges Bank bought a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $87,850,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock valued at $191,190,000 after buying an additional 1,980,296 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $56,215,000. Deutsche Bank AG boosted its holdings in shares of Axalta Coating Systems by 144.7% during the 4th quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company’s stock valued at $66,760,000 after buying an additional 1,153,620 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after buying an additional 988,397 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 3.3 %

Shares of Axalta Coating Systems stock opened at $35.02 on Tuesday. Axalta Coating Systems has a 1 year low of $30.41 and a 1 year high of $41.65. The firm has a market cap of $7.64 billion, a PE ratio of 19.67, a PEG ratio of 0.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company has a 50 day simple moving average of $35.93 and a two-hundred day simple moving average of $36.70.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Analysts expect that Axalta Coating Systems will post 2.55 earnings per share 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.