UBS Group assumed coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a report published on Tuesday, December 19th, The Fly reports. The firm issued a market perform rating on the specialty chemicals company’s stock.
A number of other equities research analysts have also weighed in on the company. Raymond James Financial began coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a market perform rating on the stock. Zacks Investment Research upgraded Axalta Coating Systems from a strong sell rating to a hold rating in a research note on Monday, December 11th. Vertical Research lowered Axalta Coating Systems from a buy rating to a hold rating and set a $31.00 price target on the stock. in a research note on Friday, December 1st. KeyCorp restated an overweight rating and set a $40.00 price target (up previously from $36.00) on shares of Axalta Coating Systems in a research note on Tuesday, November 28th. Finally, TheStreet upgraded Axalta Coating Systems from a c rating to a b- rating in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Axalta Coating Systems presently has a consensus rating of Hold and an average price target of $33.73.
Axalta Coating Systems (NYSE:AXTA) traded down $0.28 on Tuesday, reaching $32.44. The company’s stock had a trading volume of 1,477,447 shares, compared to its average volume of 1,478,040. Axalta Coating Systems has a 52 week low of $27.66 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. The stock has a market capitalization of $7,971.59, a price-to-earnings ratio of 135.17, a PEG ratio of 1.72 and a beta of 1.55.
Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. research analysts predict that Axalta Coating Systems will post 1.15 earnings per share for the current fiscal year.
In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the transaction, the senior vice president now directly owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of AXTA. Artisan Partners Limited Partnership purchased a new stake in shares of Axalta Coating Systems in the third quarter valued at approximately $94,884,000. Janus Henderson Group PLC increased its position in shares of Axalta Coating Systems by 8,917.7% in the second quarter. Janus Henderson Group PLC now owns 2,210,694 shares of the specialty chemicals company’s stock valued at $70,831,000 after buying an additional 2,186,179 shares in the last quarter. Davis Selected Advisers increased its position in shares of Axalta Coating Systems by 30.1% in the third quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock valued at $271,921,000 after buying an additional 2,173,915 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Axalta Coating Systems by 2,384.0% in the second quarter. Voya Investment Management LLC now owns 1,643,485 shares of the specialty chemicals company’s stock valued at $52,657,000 after buying an additional 1,577,323 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Axalta Coating Systems by 146.1% in the fourth quarter. Confluence Investment Management LLC now owns 2,294,824 shares of the specialty chemicals company’s stock valued at $74,261,000 after buying an additional 1,362,163 shares in the last quarter. Institutional investors and hedge funds 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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