Analysts Set Axalta Coating Systems Ltd (AXTA) Price Target at $33.36
Shares of Axalta Coating Systems Ltd (NYSE:AXTA) have earned a consensus rating of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.36.
Several brokerages have commented on AXTA. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price objective (up previously from $36.00) on shares of Axalta Coating Systems in a research report on Tuesday, November 28th. TheStreet raised Axalta Coating Systems from a “c” rating to a “b-” rating in a research report on Wednesday, November 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research report on Monday, October 30th. Citigroup raised Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a research report on Monday, October 30th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Axalta Coating Systems in a research report on Monday, October 30th. They noted that the move was a valuation call.
In other news, SVP Michael F. Finn sold 3,950 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the transaction, the senior vice president now owns 108,818 shares of the company’s stock, valued at approximately $3,553,995.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.
Axalta Coating Systems (AXTA) traded down $0.65 during trading hours on Friday, reaching $31.01. The company had a trading volume of 1,840,000 shares, compared to its average volume of 1,840,000. Axalta Coating Systems has a one year low of $27.77 and a one year high of $38.20. The stock has a market cap of $7,550.00, a price-to-earnings ratio of 106.93, a PEG ratio of 1.71 and a beta of 1.55. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.
Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. Axalta Coating Systems’s quarterly revenue was up 6.8% compared to the same quarter last year. analysts anticipate that Axalta Coating Systems will post 1.15 earnings per share 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. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.
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