BidaskClub lowered shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) from a hold rating to a sell rating in a report published on Thursday.

AXTA has been the subject of a number of other research reports. Zacks Investment Research upgraded Axalta Coating Systems from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Tuesday, April 11th. Citigroup Inc. reiterated a neutral rating and set a $33.00 price objective (up previously from $30.00) on shares of Axalta Coating Systems in a research note on Friday, April 14th. TheStreet upgraded Axalta Coating Systems from a c rating to a b rating in a research note on Wednesday, April 26th. Susquehanna Bancshares Inc initiated coverage on Axalta Coating Systems in a research note on Tuesday, July 18th. They set a neutral rating and a $37.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a buy rating and set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Axalta Coating Systems currently has an average rating of Hold and an average price target of $34.00.

Axalta Coating Systems (AXTA) traded down 0.81% during mid-day trading on Thursday, reaching $31.72. The company’s stock had a trading volume of 362,560 shares. Axalta Coating Systems has a one year low of $24.27 and a one year high of $34.10. The stock has a 50-day moving average price of $32.68 and a 200-day moving average price of $31.18. The company has a market capitalization of $7.68 billion and a price-to-earnings ratio of 105.03.

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In related news, SVP Michael A. Cash sold 18,851 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.41, for a total value of $592,109.91. Following the completion of the transaction, the senior vice president now owns 152,417 shares in the company, valued at approximately $4,787,417.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sean M. Lannon sold 4,340 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.35, for a total value of $136,059.00. Following the completion of the transaction, the vice president now owns 4,088 shares of the company’s stock, valued at approximately $128,158.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 438,289 shares of company stock valued at $13,876,363.

Several institutional investors have recently made changes to their positions in AXTA. Mn Services Vermogensbeheer B.V. boosted its stake in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 900 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Axalta Coating Systems during the first quarter valued at about $210,000. Chevy Chase Trust Holdings Inc. purchased a new stake in Axalta Coating Systems during the second quarter valued at about $212,000. Finally, Comerica Bank purchased a new stake in Axalta Coating Systems during the fourth quarter valued at about $218,000.

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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