UBS Group initiated coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a research note released on Tuesday, December 19th, The Fly reports. The brokerage issued a market perform rating on the specialty chemicals company’s stock.
AXTA has been the subject of a number of other reports. KeyCorp reissued a buy rating and issued a $36.00 price target on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Credit Suisse Group increased their price target on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an outperform rating in a research note on Monday, November 6th. Citigroup downgraded shares of Axalta Coating Systems from a neutral rating to a sell rating and decreased their price target for the stock from $31.00 to $25.00 in a research note on Tuesday, October 10th. Raymond James Financial began coverage on shares of Axalta Coating Systems in a research note on Tuesday, December 19th. They set a market perform rating for the company. Finally, Robert W. Baird reaffirmed a buy rating and set a $35.00 target price on shares of Axalta Coating Systems in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Axalta Coating Systems has an average rating of Hold and an average price target of $33.73.
Axalta Coating Systems (NYSE:AXTA) traded down $0.28 during mid-day trading on Tuesday, reaching $32.44. 1,477,447 shares of the company were exchanged, compared to its average volume of 1,676,656. Axalta Coating Systems has a 12 month low of $27.77 and a 12 month high of $38.20. The company has a market capitalization of $7,920.00, a P/E ratio of 111.86, a P/E/G ratio of 1.73 and a beta of 1.55. 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 released its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Axalta Coating Systems’s revenue was up 6.8% on a year-over-year basis. equities research analysts anticipate that Axalta Coating Systems will post 1.15 earnings per share for the current year.
In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of AXTA. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Axalta Coating Systems during the second quarter valued at approximately $108,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 valued at $117,000 after buying an additional 3,664 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of 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 valued at $146,000 after buying an additional 703 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of 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 valued at $156,000 after buying an additional 3,500 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 3,837 shares during the last quarter. Hedge funds and other institutional investors own 99.21% of the company’s stock.
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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.
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