RBC Capital analyst Arun Viswanathan maintained a Buy rating on Axalta Coating Systems (AXTA – Research Report) on January 8 and set a price target of $39.00. The company’s shares closed yesterday at $32.90.
According to TipRanks, Viswanathan is a 5-star analyst with an average return of 6.6% and a 61.38% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, PPG Industries, and Quaker Chemical.
In addition to RBC Capital, Axalta Coating Systems also received a Buy from Barclays’s Michael Leithead in a report issued on January 8. However, on the same day, Wells Fargo maintained a Hold rating on Axalta Coating Systems (NYSE: AXTA).
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AXTA market cap is currently $7.3B and has a P/E ratio of 30.96.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXTA in relation to earlier this year. Most recently, in November 2023, Massey Anthony, the VP, Global Controller, PAO of AXTA sold 17,915.00 shares for a total of $553,215.20.
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Axalta Coating Systems (AXTA) Company Description:
Axalta Coating Systems Ltd. engages in the manufacture, marketing, and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded on 1866 and is headquartered in Philadelphia, PA.
Read More on AXTA:
- Axalta Schedules Fourth-Quarter and Full-Year 2023 Earnings Conference Call
- Axalta Coating price target raised to $38 from $35 at Barclays
- Axalta Coating downgraded to Neutral from Buy at UBS
- Axalta Coating price target raised to $40 from $34 at Citi
- Air Products price target raised to $320 from $295 at Citi
