Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $40.00 at JPMorgan Chase & Co.

Axalta Coating Systems (NYSE:AXTA) had its target price raised by JPMorgan Chase & Co. from $38.00 to $40.00 in a report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

AXTA has been the topic of several other reports. Citigroup increased their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Robert W. Baird lifted their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an outperform rating in a research note on Thursday. Wolfe Research started coverage on Axalta Coating Systems in a research report on Friday, March 1st. They set a peer perform rating on the stock. Finally, KeyCorp upped their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $38.00.

Axalta Coating Systems Stock Up 1.1 %

Shares of NYSE AXTA traded up $0.37 during mid-day trading on Thursday, hitting $35.20. The company had a trading volume of 3,991,263 shares, compared to its average volume of 2,581,191. Axalta Coating Systems has a 1-year low of $25.03 and a 1-year high of $35.31. The company has a market capitalization of $7.77 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.46. The business’s 50-day simple moving average is $32.78 and its 200 day simple moving average is $31.82.

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

Institutional Trading of Axalta Coating Systems

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp grew its position in 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 worth $36,000 after buying an additional 338 shares during the period. TFO Wealth Partners LLC raised its holdings in 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 worth $37,000 after purchasing an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in Axalta Coating Systems during the fourth quarter worth $48,000. CWM LLC increased its position in shares of Axalta Coating Systems by 35.6% in the third quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after buying an additional 649 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Axalta Coating Systems during the 4th quarter worth $88,000. 98.28% of the stock is owned by institutional investors and hedge funds.

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.