The shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) received a consensus rating of “Hold” from the twelve analysts who currently cover the stock, reports MarketBeat.com. Nine equity research analysts rated the stock with a hold recommendation and one gave the company a buy recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $31.00.
AXTA has been the subject of several recent analyst reports. Vertical Research downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating and set a price target of $34.00 for the stock. in a research note from Wednesday, February 2. Morgan Stanley cut its price target on Axalta Coating Systems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a Thursday, Feb. 3 report. Deutsche Bank Aktiengesellschaft downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating and reduced its price target for the company from $34.00 to $27.00 in a Monday, April 18 report . StockNews.com downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a Wednesday, May 4, report. Finally, TheStreet downgraded Axalta Coating Systems from a “b-” rating to a “c+” rating in a Monday, March 21 report.
Shares of AXTA opened at $25.36 on Friday. Axalta Coating Systems has a 52 week low of $21.67 and a 52 week high of $34.12. The company’s 50-day moving average is $25.02 and its 200-day moving average is $28.81. The company has a debt ratio of 2.63, a quick ratio of 1.30 and a current ratio of 1.87. The company has a market capitalization of $5.62 billion, a price/earnings ratio of 20.29, a PEG ratio of 0.85 and a beta of 1.29.
Axalta Coating Systems (NYSE: AXTA – Get Rating) last released its quarterly results on Monday, April 25. The specialty chemicals company reported earnings per share (EPS) of $0.31 for the quarter, beating the consensus estimate of $0.26 by $0.05. Axalta Coating Systems achieved a return on equity of 22.66% and a net margin of 6.41%. The company posted revenue of $1.17 billion for the quarter, versus analyst estimates of $1.11 billion. In the same quarter last year, the company posted EPS of $0.50. The company’s revenue for the quarter increased by 10.4% compared to the same quarter last year. As a group, research analysts expect Axalta Coating Systems to post EPS of 1.78 for the current fiscal year.
Separately, director William M. Cook bought 2,000 shares of the company in a trade on Friday, March 4. The shares were purchased at an average cost of $24.64 per share, with a total value of $49,280.00. The purchase was disclosed in a legal filing with the SEC, which is available on the SEC’s website. 0.50% of the shares are currently held by insiders.
Several large investors have recently changed their positions in the company. Massachusetts Financial Services Co. MA increased its position in Axalta Coating Systems by 10.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,587,963 shares of the specialty chemicals company valued at $407,731,000 after buying an additional 1,589,343 shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Axalta Coating Systems by 123.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,216,410 shares of the specialty chemicals company valued at $503,967,000 after purchasing an additional 8,395,583 shares in the last quarter. Boston Partners increased its stake in Axalta Coating Systems by 5.9% in the fourth quarter. Boston Partners now owns 14,880,729 shares of the specialty chemicals company valued at $492,847,000 after purchasing an additional 822,960 shares in the last quarter. BlackRock Inc. increased its stake in Axalta Coating Systems by 5.5% in the first quarter. BlackRock Inc. now owns 12,855,345 shares of the specialty chemicals company valued at $315,984,000 after purchasing an additional 674,477 shares in the last quarter. Finally, Shapiro Capital Management LLC increased its position in Axalta Coating Systems shares by 12.8% during the first quarter. Shapiro Capital Management LLC now owns 9,477,301 shares of the specialty chemicals company worth $232,952,000 after acquiring an additional 1,074,872 shares last quarter. 99.97% of the shares are currently held by institutional investors.
Axalta Coating Systems Company Profile (Get an evaluation)
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets and distributes high performance coating systems in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The Company offers water- and solvent-based products and systems to repair damaged vehicles for independent body shops, multi-shop operators and original equipment manufacturer (OEM) dealer body shops. ).
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