Axalta Coating Systems (AXTA) PT Raised to $31.00
Axalta Coating Systems (NYSE:AXTA) had its target price increased by Nomura from $29.00 to $31.00 in a research note issued to investors on Thursday morning. They currently have a neutral rating on the specialty chemicals company’s stock.
A number of other brokerages have also recently weighed in on AXTA. Credit Suisse Group boosted their price target on shares of Axalta Coating Systems from $34.00 to $35.00 and gave the company an outperform rating in a research report on Wednesday. Zacks Investment Research raised shares of Axalta Coating Systems from a strong sell rating to a hold rating in a research report on Monday, December 11th. Bank of America set a $28.00 price target on shares of Axalta Coating Systems and gave the company an underperform rating in a research report on Tuesday, January 16th. TheStreet cut shares of Axalta Coating Systems from a b- rating to a c+ rating in a research report on Thursday, December 28th. Finally, BidaskClub cut shares of Axalta Coating Systems from a hold rating to a sell rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Axalta Coating Systems currently has a consensus rating of Hold and a consensus target price of $33.53.
Shares of Axalta Coating Systems (NYSE AXTA) opened at $30.57 on Thursday. Axalta Coating Systems has a 1 year low of $27.77 and a 1 year high of $38.20. The firm has a market cap of $7,456.02, a price-to-earnings ratio of 235.17, a P/E/G ratio of 1.65 and a beta of 1.38. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.
In other news, SVP Michael F. Finn sold 3,950 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the sale, the senior vice president now directly owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Mcdougall sold 1,528 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.69, for a total transaction of $46,894.32. Following the completion of the sale, the executive vice president now directly owns 101,023 shares of the company’s stock, valued at $3,100,395.87. The disclosure for this sale can be found here. Insiders sold 473,902 shares of company stock valued at $14,498,467 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Axalta Coating Systems by 927.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 3,664 shares during the last quarter. American International Group Inc. acquired a new position in shares of Axalta Coating Systems during the fourth quarter worth about $163,000. Advisor Group Inc. increased its stake in shares of Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 3,837 shares during the period. LVW Advisors LLC acquired a new position in shares of Axalta Coating Systems during the third quarter worth about $214,000. Finally, Rockefeller Financial Services Inc. acquired a new position in shares of Axalta Coating Systems during the third quarter worth about $215,000. 98.43% of the stock is owned by institutional investors and hedge funds.
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About Axalta Coating Systems
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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