Axalta Coating Systems (NYSE:AXTA) Raised to Strong-Buy at Evercore ISI

Evercore ISI upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on AXTA. Robert W. Baird boosted their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. KeyCorp increased their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Trading Down 0.9 %

Axalta Coating Systems stock opened at $40.30 on Tuesday. Axalta Coating Systems has a 52 week low of $30.40 and a 52 week high of $40.91. The stock has a 50-day moving average price of $36.68 and a 200 day moving average price of $35.58. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Sell-side analysts anticipate that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently bought and sold shares of AXTA. Plato Investment Management Ltd purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $30,000. True Wealth Design LLC purchased a new position in Axalta Coating Systems in the third quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 266 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in Axalta Coating Systems during the third quarter worth $41,000. Finally, GAMMA Investing LLC lifted its stake in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.