Axalta Coating Systems (NYSE:AXTA) Given New $42.00 Price Target at Deutsche Bank Aktiengesellschaft

Axalta Coating Systems (NYSE:AXTA) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 19.97% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. Royal Bank of Canada increased 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 note on Friday, November 1st. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $45.00 to $41.00 in a research report on Wednesday. Evercore ISI began coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Mizuho boosted their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $35.01 on Thursday. Axalta Coating Systems has a 52 week low of $30.40 and a 52 week high of $41.65. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 0.83 and a beta of 1.44. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $36.32.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm 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 revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts forecast that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Axalta Coating Systems by 12.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock valued at $466,000 after purchasing an additional 1,500 shares during the period. Raymond James & Associates grew its holdings in Axalta Coating Systems by 15.4% during the second quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock worth $3,876,000 after acquiring an additional 15,160 shares during the period. Fifth Third Bancorp raised its position in Axalta Coating Systems by 180.5% in the second quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 1,993 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Axalta Coating Systems in the 2nd quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Axalta Coating Systems by 2.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock valued at $1,561,000 after purchasing an additional 1,111 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

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.