Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) has been assigned an average recommendation of "Hold" from the twelve brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.50.
Several research firms recently weighed in on AXTA. UBS Group reduced their price objective on shares of Axalta Coating Systems from $33.00 to $30.00 in a research note on Wednesday, July 13th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, July 28th. StockNews.com lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Friday, July 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 28th.
Get Axalta Coating Systems alerts:Axalta Coating Systems Stock Performance
Shares of Axalta Coating Systems stock opened at $24.94 on Friday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 2.70. The company has a 50-day simple moving average of $25.12 and a 200 day simple moving average of $25.09. Axalta Coating Systems has a 12-month low of $21.44 and a 12-month high of $34.12.
Axalta Coating Systems (NYSE:AXTA – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a net margin of 4.49% and a return on equity of 21.80%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. Research analysts expect that Axalta Coating Systems will post 1.63 earnings per share for the current fiscal year.Institutional Investors Weigh In On Axalta Coating Systems
A number of institutional investors have recently modified their holdings of AXTA. Mount Yale Investment Advisors LLC raised its stake in Axalta Coating Systems by 3.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 10,840 shares of the specialty chemicals company's stock worth $266,000 after acquiring an additional 393 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Axalta Coating Systems by 0.6% during the first quarter. Oppenheimer & Co. Inc. now owns 92,444 shares of the specialty chemicals company's stock worth $2,272,000 after acquiring an additional 550 shares in the last quarter. New England Research & Management Inc. raised its stake in Axalta Coating Systems by 2.4% during the second quarter. New England Research & Management Inc. now owns 23,425 shares of the specialty chemicals company's stock worth $518,000 after acquiring an additional 550 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Axalta Coating Systems by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 12,492 shares of the specialty chemicals company's stock worth $327,000 after acquiring an additional 559 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Axalta Coating Systems by 1.8% during the first quarter. TD Asset Management Inc. now owns 34,165 shares of the specialty chemicals company's stock worth $840,000 after acquiring an additional 592 shares in the last quarter.
About Axalta Coating Systems
(Get Rating)
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 Transportation 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.
Read More
- Get a free copy of the StockNews.com research report on Axalta Coating Systems (AXTA)
- No One Told These 3 Stocks It's a Down Week
- Is There a Cure for What is Ailing Teladoc Stock?
- Why Medical Products Maker Repligen May Be A Potential Buy
- At 10%, Is Arbor Realty Trust Dividend Worth It?
- Investors Should Tune Into RF Industries
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.