According to Zacks, “Axalta Coating Systems Ltd. is a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The Company’s products and services include paint, color matching tools, application technologies and customer training, support and business management systems. Axalta Coating Systems Ltd. is headquartered in Philadelphia, Pennsylvania. “
Separately, Morgan Stanley increased their price objective on Axalta Coating Systems from $27.00 to $32.00 and gave the company an equal weight rating in a report on Monday, December 14th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $28.25.
Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 16th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.15. Axalta Coating Systems had a return on equity of 20.51% and a net margin of 2.49%. As a group, equities research analysts anticipate that Axalta Coating Systems will post 1.19 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of AXTA. BlackRock Inc. grew its position in shares of Axalta Coating Systems by 17.7% during the 3rd quarter. BlackRock Inc. now owns 18,569,381 shares of the specialty chemicals company’s stock valued at $411,683,000 after acquiring an additional 2,785,879 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at about $58,685,000. Lakewood Capital Management LP acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at about $38,720,000. Robeco Institutional Asset Management B.V. grew its position in shares of Axalta Coating Systems by 72.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,427,863 shares of the specialty chemicals company’s stock valued at $69,316,000 after acquiring an additional 1,016,682 shares during the period. Finally, Clark Capital Management Group Inc. acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at about $25,665,000. Hedge funds and other institutional investors own 91.56% 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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent borne products and systems used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
Featured Article: Bollinger Bands
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.