Axalta Coating Systems Ltd (AXTA) Given Average Rating of “Hold” by Brokerages
Shares of Axalta Coating Systems Ltd (NYSE:AXTA) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.30.
A number of research firms have recently commented on AXTA. Zacks Investment Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 20th. Bank of America raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, January 8th. UBS Group set a $32.00 target price on shares of Axalta Coating Systems and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, Credit Suisse Group set a $34.00 target price on shares of Axalta Coating Systems and gave the stock a “buy” rating in a report on Thursday, December 13th.
Shares of Axalta Coating Systems stock opened at $25.62 on Thursday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.49 and a beta of 1.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.63 and a current ratio of 2.22. Axalta Coating Systems has a 12-month low of $21.58 and a 12-month high of $32.99.
In related news, Director Charles W. Shaver sold 2,180 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $27.10, for a total value of $59,078.00. Following the completion of the transaction, the director now owns 244,549 shares in the company, valued at approximately $6,627,277.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles W. Shaver sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.71, for a total transaction of $13,355,000.00. Following the completion of the transaction, the director now owns 394,656 shares of the company’s stock, valued at approximately $10,541,261.76. The disclosure for this sale can be found here. Insiders sold 964,729 shares of company stock valued at $25,102,588 in the last three months. Company insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. We Are One Seven LLC bought a new position in Axalta Coating Systems in the 4th quarter valued at approximately $40,000. Covington Capital Management bought a new position in Axalta Coating Systems in the 4th quarter valued at approximately $68,000. ETF Managers Group LLC raised its holdings in Axalta Coating Systems by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 4,318 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 588 shares during the last quarter. Ffcm LLC raised its holdings in Axalta Coating Systems by 186.1% in the 4th quarter. Ffcm LLC now owns 4,532 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 2,948 shares during the last quarter. Finally, Berman Capital Advisors LLC bought a new position in Axalta Coating Systems in the 4th quarter valued at approximately $135,000.
About Axalta Coating Systems
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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