Axalta Coating Systems Ltd (AXTA) Given Consensus Recommendation of “Hold” by Analysts

Axalta Coating Systems Ltd (NYSE:AXTA) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.36.

A number of brokerages recently issued reports on AXTA. KeyCorp lowered their price objective on Axalta Coating Systems from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Barclays restated a “hold” rating and set a $32.00 price target on shares of Axalta Coating Systems in a research report on Tuesday, July 31st. Nomura lowered their price target on Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Zacks Investment Research downgraded Axalta Coating Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 11th. Finally, BMO Capital Markets lowered their price target on Axalta Coating Systems from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, October 26th.

Shares of AXTA stock traded down $0.08 on Friday, reaching $24.72. The company’s stock had a trading volume of 755,474 shares, compared to its average volume of 2,065,869. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.63 and a current ratio of 2.23. Axalta Coating Systems has a 12-month low of $23.65 and a 12-month high of $38.20. The company has a market capitalization of $5.92 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.35 and a beta of 1.37.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, sell-side analysts forecast that Axalta Coating Systems will post 1.26 EPS for the current fiscal year.

In other news, EVP Steven R. Markevich sold 13,500 shares of Axalta Coating Systems stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $29.47, for a total value of $397,845.00. Following the transaction, the executive vice president now owns 177,029 shares in the company, valued at $5,217,044.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven R. Markevich sold 16,197 shares of Axalta Coating Systems stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total value of $472,466.49. Following the completion of the transaction, the executive vice president now owns 161,697 shares in the company, valued at approximately $4,716,701.49. The disclosure for this sale can be found here. Insiders have sold 279,697 shares of company stock worth $8,302,811 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Axalta Coating Systems by 113.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 2,118 shares during the period. First Quadrant L P CA purchased a new position in shares of Axalta Coating Systems in the second quarter worth about $124,000. Chicago Partners Investment Group LLC increased its holdings in shares of Axalta Coating Systems by 78.1% in the second quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 1,800 shares during the period. Captrust Financial Advisors increased its holdings in shares of Axalta Coating Systems by 120.7% in the second quarter. Captrust Financial Advisors now owns 6,742 shares of the specialty chemicals company’s stock worth $204,000 after buying an additional 3,687 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Axalta Coating Systems in the second quarter worth about $263,000.

About Axalta Coating Systems

Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.

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Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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