Axalta Coating Systems (NYSE:AXTA) Upgraded at Evercore ISI

Axalta Coating Systems (NYSE:AXTA) was upgraded by stock analysts at Evercore ISI to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

AXTA has been the subject of several other reports. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Mizuho lifted their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Stock Down 1.0 %

Shares of NYSE AXTA traded down $0.39 during trading on Tuesday, hitting $40.27. 347,238 shares of the company traded hands, compared to its average volume of 2,020,208. The business’s fifty day moving average is $36.68 and its 200 day moving average is $35.58. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $40.91. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Equities research analysts predict that Axalta Coating Systems will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after acquiring an additional 1,292,434 shares during the last quarter. Interval Partners LP lifted its holdings in shares of Axalta Coating Systems by 716.6% in the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock worth $41,857,000 after acquiring an additional 1,074,961 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Axalta Coating Systems by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Axalta Coating Systems by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after acquiring an additional 550,970 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Axalta Coating Systems by 1,424.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock worth $18,746,000 after acquiring an additional 509,333 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.