Axalta Coating Systems (NYSE:AXTA) Price Target Increased to $42.00 by Analysts at Robert W. Baird

Axalta Coating Systems (NYSE:AXTA) had its price objective upped by Robert W. Baird from $40.00 to $42.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the specialty chemicals company’s stock.

Several other research firms have also recently weighed in on AXTA. Barclays raised their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an overweight rating in a research note on Friday. UBS Group cut their price target on Axalta Coating Systems from $39.00 to $38.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada raised their price target on Axalta Coating Systems from $39.00 to $42.00 and gave the company an outperform rating in a report on Friday, May 3rd. Mizuho raised their price target on Axalta Coating Systems from $38.00 to $41.00 and gave the company a buy rating in a report on Tuesday, May 21st. Finally, KeyCorp raised their price target on Axalta Coating Systems from $40.00 to $44.00 and gave the company an overweight rating in a report on Friday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $39.91.

Axalta Coating Systems Stock Down 3.9 %

Shares of NYSE:AXTA traded down $1.43 during midday trading on Friday, hitting $35.21. The stock had a trading volume of 2,428,282 shares, compared to its average volume of 2,161,700. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $37.49. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 1.97. The business’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $33.74. The company has a market cap of $7.77 billion, a P/E ratio of 31.72, a PEG ratio of 0.91 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Axalta Coating Systems will post 2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp grew its position in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 338 shares during the last quarter. TFO Wealth Partners LLC grew its position in Axalta Coating Systems by 12,022.2% in the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Axalta Coating Systems in the fourth quarter valued at about $48,000. GAMMA Investing LLC grew its position in Axalta Coating Systems by 111.5% in the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 747 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in Axalta Coating Systems in the second quarter valued at about $71,000. Institutional investors own 98.28% of the company’s stock.

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.