Royal Bank Of Canada restated their buy rating on shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) in a research note released on Friday, July 14th. Royal Bank Of Canada currently has a $37.00 price target on the specialty chemicals company’s stock.

AXTA has been the topic of several other reports. Instinet downgraded shares of Axalta Coating Systems from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a research note on Friday, April 21st. Jefferies Group LLC reissued a buy rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. BidaskClub downgraded shares of Axalta Coating Systems from a buy rating to a hold rating in a research note on Thursday, June 29th. Bank of America Corporation downgraded shares of Axalta Coating Systems from a buy rating to an underperform rating and dropped their price target for the stock from $36.00 to $30.00 in a research note on Wednesday, June 21st. Finally, TheStreet raised shares of Axalta Coating Systems from a c rating to a b rating in a research note on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Axalta Coating Systems has a consensus rating of Hold and an average price target of $34.13.

Axalta Coating Systems (NASDAQ AXTA) traded up 1.28% during trading on Friday, reaching $28.44. The company’s stock had a trading volume of 3,709,707 shares. Axalta Coating Systems has a 52 week low of $24.27 and a 52 week high of $34.10. The firm has a market capitalization of $6.89 billion and a P/E ratio of 94.17. The firm has a 50-day moving average price of $32.28 and a 200-day moving average price of $31.25.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $0.34 EPS. Axalta Coating Systems’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Axalta Coating Systems will post $1.31 EPS for the current fiscal year.

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In other Axalta Coating Systems news, EVP Steven R. Markevich sold 30,874 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.39, for a total transaction of $969,134.86. Following the completion of the sale, the executive vice president now directly owns 202,293 shares in the company, valued at $6,349,977.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel L. Smolik bought 4,000 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $28.16 per share, with a total value of $112,640.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at approximately $112,640. The disclosure for this purchase can be found here. Insiders have sold 438,289 shares of company stock valued at $13,876,363 over the last 90 days.

Several large investors have recently added to or reduced their stakes in AXTA. Russell Investments Group Ltd. acquired a new position in Axalta Coating Systems during the fourth quarter valued at about $312,000. Comerica Bank acquired a new position in Axalta Coating Systems during the fourth quarter valued at about $218,000. Dimensional Fund Advisors LP raised its position in Axalta Coating Systems by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 754,236 shares of the specialty chemicals company’s stock valued at $20,516,000 after buying an additional 44,711 shares during the period. Janus Capital Management LLC raised its position in Axalta Coating Systems by 43.9% in the fourth quarter. Janus Capital Management LLC now owns 10,793 shares of the specialty chemicals company’s stock valued at $294,000 after buying an additional 3,293 shares during the period. Finally, Guggenheim Capital LLC raised its position in Axalta Coating Systems by 106.8% in the fourth quarter. Guggenheim Capital LLC now owns 94,185 shares of the specialty chemicals company’s stock valued at $2,561,000 after buying an additional 48,642 shares during the period.

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. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Analyst Recommendations for Axalta Coating Systems (NASDAQ:AXTA)

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