The shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) earned a consensus recommendation of “Hold” from the eleven research firms that currently cover the company, reports MarketBeat.com. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The 1-year average target price among analysts who have updated their coverage of the stock in the past year is $31.00.
A number of equity analysts have weighed in on AXTA shares recently. Barclays lowered its target price on Axalta Coating Systems shares from $35.00 to $34.00 in a Monday May 2 research note. Jefferies Financial Group cut its price target on Axalta Coating Systems from $33.00 to $26.00 and set a “hold” rating on the stock in a Wednesday, March 9 research report. StockNews.com downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a Tuesday, June 28 report. Royal Bank of Canada downgraded Axalta Coating Systems from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the company from $33.00 to $26.00 in a research note from Friday, March 25. Finally, Wells Fargo & Company cut its price target on Axalta Coating Systems shares from $32.00 to $27.00 and set an “equal weight” rating for the company in a Monday research report. April 18.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Axalta Coating Systems by 10.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,587,963 shares of the specialty chemicals company worth $407,731,000 after acquiring 1,589,343 additional shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Axalta Coating Systems by 123.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,216,410 shares of the specialty chemicals company valued at $503,967,000 after purchasing an additional 8,395,583 shares in the last quarter. Boston Partners increased its position in Axalta Coating Systems shares by 5.9% during the 4th quarter. Boston Partners now owns 14,880,729 shares of the specialty chemicals company worth $492,847,000 after purchasing an additional 822,960 shares last quarter. BlackRock Inc. increased its holdings of Axalta Coating Systems shares by 5.5% in the first quarter. BlackRock Inc. now owns 12,855,345 shares of the specialty chemicals company valued at $315,984,000 after acquiring 674,477 additional shares last quarter. Finally, Shapiro Capital Management LLC increased its position in Axalta Coating Systems shares by 12.8% during the first quarter. Shapiro Capital Management LLC now owns 9,477,301 shares of the specialty chemicals company valued at $232,952,000 after acquiring an additional 1,074,872 shares in the last quarter. 99.97% of the shares are held by hedge funds and other institutional investors.
AXTA stock opened at $22.41 on Friday. The company has a fifty-day moving average price of $25.48 and a 200-day moving average price of $27.13. The company has a market capitalization of $4.96 billion, a P/E ratio of 17.93, a PEG ratio of 0.83 and a beta of 1.29. Axalta Coating Systems has a 52 week low of $21.63 and a 52 week high of $34.12. The company has a debt ratio of 2.63, a quick ratio of 1.30 and a current ratio of 1.87.
Axalta Coating Systems (NYSE:AXTA – Get Rating) released its quarterly results for the last time on Monday, April 25. The specialty chemicals company reported earnings per share (EPS) of $0.31 for the quarter, beating the consensus estimate of $0.26 by $0.05. The company posted revenue of $1.17 billion in the quarter, versus a consensus estimate of $1.11 billion. Axalta Coating Systems achieved a net margin of 6.41% and a return on equity of 22.66%. The company’s revenue for the quarter increased 10.4% on an annual basis. In the same quarter last year, the company made earnings per share of $0.50. As a group, sell-side analysts expect Axalta Coating Systems to post earnings per share of 1.78 for the current fiscal year.
About Axalta Coating Systems (Get a rating)
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets and distributes high performance coating systems in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The Company offers water- and solvent-based products and systems to repair damaged vehicles for independent body shops, multi-shop operators and original equipment manufacturer (OEM) dealer body shops. ).
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Axalta Coating Systems right now?
Before you consider Axalta Coating Systems, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Axalta Coating Systems was not on the list.
Although Axalta Coating Systems currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here