Axalta Coating Systems Ltd. (NYSE:AXTA) has been given an average recommendation of “Buy” by the sixteen research firms that are covering the company. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.11.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. set a $30.00 target price on shares of Axalta Coating Systems and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Seaport Global Securities upgraded shares of Axalta Coating Systems from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $36.00 in a report on Wednesday, July 27th. Barclays PLC reiterated a “hold” rating on shares of Axalta Coating Systems in a report on Thursday, July 28th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $34.00 price target on shares of Axalta Coating Systems in a report on Thursday, September 8th.

In other news, VP Sean M. Lannon sold 17,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $28.01, for a total transaction of $476,170.00. Following the transaction, the vice president now directly owns 5,842 shares of the company’s stock, valued at $163,634.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder V General Partner L.L.C. Cp sold 3,190,000 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $27.93, for a total transaction of $89,096,700.00. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Axalta Coating Systems by 29.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,000 shares of the company’s stock worth $106,000 after buying an additional 900 shares during the last quarter. American International Group Inc. boosted its position in Axalta Coating Systems by 61.9% in the second quarter. American International Group Inc. now owns 4,059 shares of the company’s stock worth $108,000 after buying an additional 1,552 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Axalta Coating Systems by 28.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,524 shares of the company’s stock worth $108,000 after buying an additional 1,010 shares during the last quarter. Tredje AP fonden purchased a new position in Axalta Coating Systems during the second quarter worth approximately $122,000. Finally, First Mercantile Trust Co. purchased a new position in Axalta Coating Systems during the second quarter worth approximately $143,000. 99.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Axalta Coating Systems (NYSE:AXTA) opened at 27.72 on Thursday. Axalta Coating Systems has a 12-month low of $20.67 and a 12-month high of $30.45. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 44.14 and a beta of 1.62. The firm’s 50-day moving average is $28.18 and its 200-day moving average is $28.12.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Axalta Coating Systems had a return on equity of 20.89% and a net margin of 3.76%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts forecast that Axalta Coating Systems will post $1.14 EPS for the current fiscal year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NYSE:AXTA

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