Axalta Coating Systems (NYSE:AXTA) Stock Price Down 1.8%

Axalta Coating Systems Ltd. (NYSE:AXTA)’s stock price fell 1.8% on Friday . The company traded as low as $30.59 and last traded at $31.25. 481,263 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 1,892,050 shares. The stock had previously closed at $31.81.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AXTA shares. UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Citigroup lifted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wolfe Research initiated coverage on Axalta Coating Systems in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. raised their target price on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Wells Fargo & Company raised their target price on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.70.

Axalta Coating Systems Price Performance

The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51. The company has a 50-day simple moving average of $32.68 and a two-hundred day simple moving average of $31.49. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in shares of Axalta Coating Systems during the 1st quarter worth $25,000. Itau Unibanco Holding S.A. acquired a new stake in Axalta Coating Systems in the second quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Axalta Coating Systems during the fourth quarter valued at about $31,000. Fifth Third Bancorp boosted its stake in shares of Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 1,082 shares in the last quarter. Institutional investors 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.