Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.44.

A number of equities research analysts recently weighed in on the company. Seaport Global Securities raised Axalta Coating Systems from an “accumulate” rating to a “buy” rating and raised their price objective for the company from $34.00 to $36.00 in a research report on Wednesday, July 27th. Zacks Investment Research raised Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, October 11th. TheStreet downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of Axalta Coating Systems in a research report on Monday, October 31st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Axalta Coating Systems in a research report on Thursday, September 8th.

Shares of Axalta Coating Systems (NYSE:AXTA) opened at 26.27 on Thursday. The company has a market cap of $6.32 billion, a PE ratio of 59.84 and a beta of 1.70. The company has a 50-day moving average of $26.08 and a 200 day moving average of $27.41. Axalta Coating Systems has a 12-month low of $20.67 and a 12-month high of $30.45.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Axalta Coating Systems had a return on equity of 21.01% and a net margin of 2.61%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities research analysts expect that Axalta Coating Systems will post $1.14 EPS for the current year.

In related news, CEO Charles W. Shaver sold 24,237 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $28.05, for a total transaction of $679,847.85. Following the completion of the transaction, the chief executive officer now directly owns 728,061 shares in the company, valued at $20,422,111.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sean M. Lannon sold 9,336 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $28.07, for a total value of $262,061.52. Following the transaction, the vice president now owns 3,615 shares of the company’s stock, valued at $101,473.05. The disclosure for this sale can be found here. Corporate insiders own 2.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AXTA. Daiwa Securities Group Inc. boosted its position in shares of Axalta Coating Systems by 29.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,000 shares of the company’s stock valued at $106,000 after buying an additional 900 shares in the last quarter. American International Group Inc. boosted its position in shares of Axalta Coating Systems by 61.9% in the second quarter. American International Group Inc. now owns 4,059 shares of the company’s stock valued at $108,000 after buying an additional 1,552 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Axalta Coating Systems by 28.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,524 shares of the company’s stock valued at $108,000 after buying an additional 1,010 shares in the last quarter. Tredje AP fonden bought a new position in shares of Axalta Coating Systems during the second quarter valued at $122,000. Finally, US Bancorp DE boosted its position in shares of Axalta Coating Systems by 8,686.2% in the third quarter. US Bancorp DE now owns 5,096 shares of the company’s stock valued at $144,000 after buying an additional 5,038 shares in the last quarter.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NYSE:AXTA

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