KeyCorp Reiterates Sector Weight Rating for Axalta Coating Systems (NYSE:AXTA)

KeyCorp reissued their sector weight rating on shares of Axalta Coating Systems (NYSE:AXTA) in a research note published on Tuesday, Marketbeat.com reports.

Several other analysts also recently issued reports on AXTA. Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays lifted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Mizuho increased their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Evercore ISI initiated coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average price target of $42.45.

Axalta Coating Systems Trading Down 3.5 %

Axalta Coating Systems stock opened at $36.39 on Tuesday. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65. The company’s fifty day moving average price is $38.50 and its two-hundred day moving average price is $36.33. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 0.83 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts forecast that Axalta Coating Systems will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Axalta Coating Systems by 12.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock worth $466,000 after purchasing an additional 1,500 shares during the period. Raymond James & Associates raised its stake in shares of Axalta Coating Systems by 15.4% in the 2nd quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock valued at $3,876,000 after buying an additional 15,160 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Axalta Coating Systems by 180.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 1,993 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Axalta Coating Systems by 2.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock valued at $1,561,000 after acquiring an additional 1,111 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.