Axalta Coating Systems Ltd (NASDAQ:AXTA) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

AXTA has been the topic of several other reports. Citigroup Inc. raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Monday, October 30th. Nomura upgraded shares of Axalta Coating Systems to a “buy” rating and decreased their price target for the company from $30.00 to $28.00 in a report on Tuesday, October 10th. Credit Suisse Group upped their price target on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, November 6th. UBS AG decreased their price target on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Royal Bank Of Canada decreased their price target on shares of Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.87.

Axalta Coating Systems (NASDAQ AXTA) opened at $31.92 on Tuesday. Axalta Coating Systems has a 1 year low of $24.72 and a 1 year high of $34.47.

Axalta Coating Systems (NASDAQ:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share.

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In other news, SVP Michael A. Cash sold 34,874 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total transaction of $1,046,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven R. Markevich sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the sale, the executive vice president now directly owns 280,377 shares of the company’s stock, valued at approximately $8,234,672.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,774 shares of company stock valued at $5,771,898.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Axalta Coating Systems by 3.8% in the second quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock valued at $581,878,000 after purchasing an additional 660,223 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Axalta Coating Systems by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after purchasing an additional 308,016 shares in the last quarter. Davis Selected Advisers increased its holdings in shares of Axalta Coating Systems by 7.9% in the second quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock valued at $231,598,000 after purchasing an additional 528,794 shares in the last quarter. Timucuan Asset Management Inc. FL increased its holdings in shares of Axalta Coating Systems by 1.0% in the second quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock valued at $119,954,000 after purchasing an additional 36,234 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Axalta Coating Systems by 11.2% in the second quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after purchasing an additional 365,915 shares in the last quarter.

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 (NASDAQ:AXTA)

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