Axalta Coating Systems (NYSE:AXTA) Price Target Increased to $45.00 by Analysts at BMO Capital Markets

Axalta Coating Systems (NYSE:AXTA) had its target price boosted by BMO Capital Markets from $42.00 to $45.00 in a research report report published on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty chemicals company’s stock.

AXTA has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the company an overweight rating in a report on Friday, February 9th. UBS Group downgraded shares of Axalta Coating Systems from a buy rating to a neutral rating and lifted their target price for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an outperform rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an equal weight rating in a research report on Tuesday, January 9th. Finally, Barclays increased their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of Moderate Buy and an average target price of $38.00.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock traded up $0.37 during mid-day trading on Thursday, reaching $35.20. 3,991,263 shares of the company’s stock were exchanged, compared to its average volume of 2,581,191. The firm has a market capitalization of $7.77 billion, a PE ratio of 31.72, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a quick ratio of 1.46, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. The business’s fifty day simple moving average is $32.78 and its 200 day simple moving average is $31.82. Axalta Coating Systems has a one year low of $25.03 and a one year high of $35.31.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, sell-side analysts expect that Axalta Coating Systems will post 1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp increased 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 buying an additional 338 shares during the period. TFO Wealth Partners LLC boosted its position 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. Raleigh Capital Management Inc. purchased a new stake in Axalta Coating Systems in the fourth quarter worth $48,000. CWM LLC grew its position in shares of Axalta Coating Systems by 35.6% in the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock worth $67,000 after buying an additional 649 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.