Axalta Coating Systems Ltd. (NYSE:AXTA)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.13, but opened at $36.34. Axalta Coating Systems shares last traded at $37.55, with a volume of 5842000 shares trading hands.

A number of equities analysts have issued reports on AXTA shares. Credit Suisse Group boosted their price objective on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. BidaskClub cut shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research report on Monday, October 30th. UBS decreased their price objective on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, TheStreet upgraded shares of Axalta Coating Systems from a “c” rating to a “b-” rating in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.73.

The company has a market capitalization of $7,713.34, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.56. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. analysts forecast that Axalta Coating Systems Ltd. will post 1.15 EPS for the current year.

In other news, EVP Steven R. Markevich sold 900 shares of Axalta Coating Systems stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total transaction of $26,478.00. Following the sale, the executive vice president now owns 201,393 shares of the company’s stock, valued at approximately $5,924,982.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $30.00, for a total transaction of $1,046,220.00. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. bought a new stake in Axalta Coating Systems during the second quarter worth about $108,000. Bronfman E.L. Rothschild L.P. boosted its stake in Axalta Coating Systems by 927.6% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 3,664 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Axalta Coating Systems during the second quarter worth about $127,000. Commonwealth Bank of Australia boosted its stake in Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 703 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Axalta Coating Systems by 257.0% during the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock worth $156,000 after acquiring an additional 3,500 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Axalta Coating Systems (AXTA) Shares Gap Up to $36.34” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/02/axalta-coating-systems-axta-shares-gap-up-to-36-34.html.

About Axalta Coating Systems

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.

Receive News & Stock Ratings for Axalta Coating Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems Ltd. and related stocks with our FREE daily email newsletter.