Axalta Coating Systems (NYSE: AXTA) PT increased to $ 38.00

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Axalta Coating Systems (NYSE: AXTA) saw its price target raised by stock researchers at Deutsche Bank Aktiengesellschaft from $ 37.00 to $ 38.00 in a research report released on Thursday, Fly reports. The brokerage currently has a “buy” rating on the shares of the specialty chemicals company. Deutsche Bank Aktiengesellschaft’s target price indicates a potential rise of 24.59% from the current share price.

A number of other research analysts have also weighed in on AXTA recently. Morgan Stanley raised its target price on Axalta Coating Systems from $ 32.00 to $ 35.00 and gave the company an “equal weight” rating in a report released Thursday, April 29. Credit Suisse Group reissued an “outperformance” rating and issued a price target of $ 35.00 on shares of Axalta Coating Systems in a report released on Monday, March 15. Susquehanna downgraded Axalta Coating Systems from a “neutral” to a “positive” rating and set a price target of $ 41.00 for the company in a research report released on Monday, April 26. Zacks investment research downgraded Axalta Coating Systems from a “buy” rating to a “conservation” rating in a research report released on Tuesday, June 29. Finally, Susquehanna Bancshares upgraded Axalta Coating Systems to a “positive” rating and set a price target of $ 41.00 for the company in a research report released on Monday, April 26. Three equity research analysts gave the stock a conservation rating, six assigned a buy rating, and one gave the company a high buy rating. Axalta Coating Systems currently has an average rating of “Buy” and an average price target of $ 35.89.

AXTA actions open at $ 30.50 Thursday. Axalta Coating Systems has a fifty-two week minimum of $ 20.25 and a fifty-two week maximum of $ 34.20. The company has a 50-day moving average price of $ 31.83. The company has a debt ratio of 2.71, a quick ratio of 1.94, and a current ratio of 2.43. The company has a market cap of $ 7.10 billion, a P / E ratio of 84.72, a price / earnings-growth ratio of 0.66 and a beta of 1.46.

Axalta Coating Systems (NYSE: AXTA) last released its results on Sunday, April 25. The specialty chemicals company reported earnings per share of $ 0.50 for the quarter, beating analyst consensus estimates of $ 0.42 by $ 0.08. Axalta Coating Systems achieved a return on equity of 25.94% and a net margin of 2.22%. The company posted revenue of $ 1.06 billion for the quarter, compared to a consensus estimate of $ 1.03 billion. In the same quarter of the previous year, the company achieved earnings per share of $ 0.31. Axalta Coating Systems revenue increased 8.1% year-on-year. On average, sell-side analysts expect Axalta Coating Systems to post EPS of 2.05 for the current year.

In addition, SVP Barry S. Snyder sold 17,560 shares in a transaction dated Wednesday, April 21. The stock was sold for an average price of $ 32.00, for a total trade of $ 561,920.00. Following the closing of the sale, the Senior Vice President now owns 65,296 shares of the company, valued at $ 2,089,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website. Company insiders own 0.50% of the company’s shares.

Large investors have recently increased or reduced their holdings in the stock. Rockefeller Capital Management LP increased its stake in Axalta Coating Systems by 7.6% during the first quarter. Rockefeller Capital Management LP now owns 4,523 shares of the specialty chemicals company valued at $ 133,000 after purchasing an additional 321 shares in the last quarter. Arizona State Retirement System increased its stake in Axalta Coating Systems by 0.6% during the first quarter. Arizona State Retirement System now owns 61,104 shares of the specialty chemicals company valued at $ 1,807,000 after purchasing 363 additional shares in the last quarter. Banque Cantonale Vaudoise increased its stake in Axalta Coating Systems by 4.3% during the first quarter. Banque Cantonale Vaudoise now owns 10,325 shares of the specialty chemicals company valued at $ 306,000 after purchasing 425 additional shares during the last quarter. Comerica Bank increased its stake in Axalta Coating Systems by 6.0% during the first quarter. Comerica Bank now owns 8,715 shares of the specialty chemicals company valued at $ 283,000 after purchasing an additional 490 shares in the last quarter. Finally, Boyar Asset Management Inc. increased its stake in Axalta Coating Systems by 5.9% during the first quarter. Boyar Asset Management Inc. now owns 10,377 shares of the specialty chemicals company valued at $ 307,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors hold 95.78% of the company’s shares.

About Axalta Coating Systems

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 transport coatings. The company offers water-based and solvent-based products and systems to repair damaged vehicles for independent body shops, multi-shop operators and Original Equipment Dealer (OEM) body shops.

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