Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, KeyCorp Analyst Says

Axalta Coating Systems (NYSE:AXTA) had its price target upped by KeyCorp from $44.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays raised their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. UBS Group lowered their price target on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Robert W. Baird raised their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Moderate Buy” and an average target price of $41.70.

Axalta Coating Systems Price Performance

AXTA stock opened at $37.98 on Thursday. The business has a fifty day moving average of $35.97 and a two-hundred day moving average of $35.08. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. Axalta Coating Systems has a 52-week low of $28.69 and a 52-week high of $38.77.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, research analysts anticipate that Axalta Coating Systems will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Axalta Coating Systems during the 1st quarter worth $3,871,000. GSA Capital Partners LLP acquired a new position in shares of Axalta Coating Systems during the 1st quarter worth about $877,000. Vanguard Group Inc. boosted its position in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Axalta Coating Systems in the first quarter valued at approximately $1,745,000. Finally, Entropy Technologies LP purchased a new position in Axalta Coating Systems in the first quarter valued at approximately $686,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.