Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, KeyCorp Analyst Says

Axalta Coating Systems (NYSE:AXTA) had its target price hoisted by research analysts at KeyCorp from $44.00 to $45.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. KeyCorp’s price target points to a potential upside of 18.42% from the company’s previous close.

AXTA has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Robert W. Baird boosted their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays lifted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Mizuho upped their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.70.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $38.00 on Thursday. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.97 and a beta of 1.44. The business’s 50 day moving average is $35.97 and its two-hundred day moving average is $35.06. Axalta Coating Systems has a 12-month low of $28.69 and a 12-month high of $38.77. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Research analysts expect that Axalta Coating Systems will post 2.06 EPS for the current year.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after purchasing an additional 554,806 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock worth $512,890,000 after acquiring an additional 137,209 shares during the last quarter. Victory Capital Management Inc. grew its stake in Axalta Coating Systems by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after acquiring an additional 550,970 shares during the period. Dimensional Fund Advisors LP raised its holdings in Axalta Coating Systems by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after acquiring an additional 302,752 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC lifted its stake in shares of Axalta Coating Systems by 63.8% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock worth $109,989,000 after purchasing an additional 1,245,223 shares during the period. Hedge funds and other 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.