Berenberg Bank assumed coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a research note released on Friday, Benzinga reports. The brokerage issued a buy rating and a $35.00 price target on the specialty chemicals company’s stock.

Several other brokerages have also recently issued reports on AXTA. KeyCorp reissued an overweight rating and issued a $136.00 price objective (up previously from $127.00) on shares of Coupa Software in a report on Wednesday, June 26th. Maxim Group reissued a hold rating on shares of Castle Brands in a report on Wednesday, June 19th. BMO Capital Markets boosted their price objective on Axalta Coating Systems to $34.00 and gave the company a market perform rating in a report on Friday, June 21st. Zacks Investment Research raised Green Brick Partners from a sell rating to a hold rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. reissued a hold rating and issued a $137.00 price objective on shares of Continental in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $31.00.

Shares of AXTA opened at $29.52 on Friday. The stock’s 50-day moving average price is $27.69. Axalta Coating Systems has a one year low of $21.58 and a one year high of $30.93. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 2.98. The firm has a market cap of $6.89 billion, a PE ratio of 23.06, a P/E/G ratio of 1.41 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.13. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Axalta Coating Systems had a return on equity of 24.42% and a net margin of 3.90%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts predict that Axalta Coating Systems will post 1.73 EPS for the current fiscal year.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $25.24, for a total transaction of $12,620,000.00. Following the completion of the sale, the director now directly owns 492,369 shares in the company, valued at approximately $12,427,393.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andreas Kramvis sold 55,048 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $28.11, for a total value of $1,547,399.28. Following the sale, the director now owns 50,628 shares of the company’s stock, valued at $1,423,153.08. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Jolley Asset Management LLC raised its stake in shares of Axalta Coating Systems by 3.9% in the first quarter. Jolley Asset Management LLC now owns 10,210 shares of the specialty chemicals company’s stock valued at $257,000 after acquiring an additional 380 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of Axalta Coating Systems by 9.8% in the first quarter. ETF Managers Group LLC now owns 4,740 shares of the specialty chemicals company’s stock valued at $120,000 after acquiring an additional 422 shares in the last quarter. Country Club Trust Company n.a. raised its stake in shares of Axalta Coating Systems by 3.5% in the first quarter. Country Club Trust Company n.a. now owns 14,798 shares of the specialty chemicals company’s stock valued at $373,000 after acquiring an additional 499 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Axalta Coating Systems by 4.6% in the fourth quarter. Prudential Financial Inc. now owns 11,310 shares of the specialty chemicals company’s stock valued at $265,000 after acquiring an additional 500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Axalta Coating Systems by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,597 shares of the specialty chemicals company’s stock valued at $1,250,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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