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.

Several institutional investors and hedge funds have recently bought and sold shares of AXTA. Comerica Bank grew its position in shares of Axalta Coating Systems by 22.6% during the 2nd quarter. Comerica Bank now owns 10,329 shares of the specialty chemicals company’s stock worth $332,000 after buying an additional 1,907 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Axalta Coating Systems by 24.6% during the 2nd quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock worth $260,000 after buying an additional 1,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Axalta Coating Systems by 11.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 393,561 shares of the specialty chemicals company’s stock worth $12,609,000 after buying an additional 40,787 shares in the last quarter. Alliancebernstein L.P. boosted its position in Axalta Coating Systems by 9.4% during the second quarter. Alliancebernstein L.P. now owns 134,132 shares of the specialty chemicals company’s stock valued at $4,298,000 after purchasing an additional 11,524 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Axalta Coating Systems by 35.9% during the second quarter. Ameriprise Financial Inc. now owns 839,998 shares of the specialty chemicals company’s stock valued at $26,911,000 after purchasing an additional 221,726 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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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.

Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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