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

Evercore ISI upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

AXTA has been the topic of several other reports. BMO Capital Markets increased their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp raised their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada raised their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Robert W. Baird increased their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Stock Down 1.0 %

Shares of AXTA stock traded down $0.39 during midday trading on Tuesday, reaching $40.27. 347,238 shares of the stock were exchanged, compared to its average volume of 2,020,208. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The firm has a market cap of $8.78 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company’s 50 day moving average is $36.68 and its two-hundred day moving average is $35.58. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $40.91.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s quarterly 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. On average, equities research analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System increased its position in shares of Axalta Coating Systems by 7.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 202,446 shares of the specialty chemicals company’s stock valued at $6,962,000 after acquiring an additional 13,541 shares during the last quarter. Blair William & Co. IL raised its position in Axalta Coating Systems by 18.6% in the 1st quarter. Blair William & Co. IL now owns 14,902 shares of the specialty chemicals company’s stock valued at $512,000 after purchasing an additional 2,339 shares during the last quarter. Vanguard Group Inc. raised its position in 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 valued at $817,230,000 after purchasing an additional 554,806 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Axalta Coating Systems in the 1st quarter valued at $1,745,000. Finally, O Shaughnessy Asset Management LLC raised its position in Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 98.28% 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 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.