Axalta Coating Systems (NYSE:AXTA) Receives “Sector Weight” Rating from KeyCorp

Axalta Coating Systems (NYSE:AXTA)‘s stock had its “sector weight” rating reiterated by stock analysts at KeyCorp in a research report issued to clients and investors on Tuesday.

Other research analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their target price 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. Mizuho raised their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average target price of $42.45.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $37.72 on Tuesday. Axalta Coating Systems has a 12-month low of $30.40 and a 12-month 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 capitalization of $8.23 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. The firm has a 50 day moving average of $38.49 and a 200 day moving average of $36.32.

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. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $0.45 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, research analysts anticipate that Axalta Coating Systems will post 2.16 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock worth $512,890,000 after purchasing an additional 137,209 shares during the period. Victory Capital Management Inc. lifted its position in shares of Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after purchasing an additional 550,970 shares in the last quarter. State Street Corp boosted its stake in shares of Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock valued at $246,923,000 after purchasing an additional 46,813 shares during the period. Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after purchasing an additional 302,752 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Axalta Coating Systems by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.