Mizuho Forecasts Strong Price Appreciation for Axalta Coating Systems (NYSE:AXTA) Stock

Axalta Coating Systems (NYSE:AXTA) had its price objective upped by research analysts at Mizuho from $42.00 to $43.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective would suggest a potential upside of 13.16% from the stock’s previous close.

AXTA has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group dropped their price target on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Robert W. Baird lifted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, KeyCorp increased their target price on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.70.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $38.00 on Thursday. 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 has a 12 month low of $28.69 and a 12 month high of $38.77. The company 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 firm’s 50-day moving average is $35.97 and its 200 day moving average is $35.06.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 EPS. Research analysts predict that Axalta Coating Systems will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems in the second quarter worth about $30,000. GAMMA Investing LLC boosted its stake in 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 worth $48,000 after purchasing an additional 747 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Axalta Coating Systems during the 3rd quarter worth approximately $54,000. UMB Bank n.a. increased its stake in Axalta Coating Systems by 90.2% during the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Axalta Coating Systems in the second quarter worth $71,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

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.