Mizuho Has Lowered Expectations for Axalta Coating Systems (NYSE:AXTA) Stock Price

Axalta Coating Systems (NYSE:AXTA) had its price objective dropped by stock analysts at Mizuho from $43.00 to $41.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target indicates a potential upside of 18.36% from the company’s current price.

A number of other analysts have also weighed in on the stock. Evercore ISI began coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. BMO Capital Markets boosted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upped their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average price target of $42.33.

Axalta Coating Systems Stock Up 0.2 %

NYSE:AXTA traded up $0.07 during mid-day trading on Tuesday, hitting $34.64. 354,933 shares of the company’s stock were exchanged, compared to its average volume of 1,397,648. The company has a market cap of $7.55 billion, a PE ratio of 23.41, a P/E/G ratio of 0.83 and a beta of 1.46. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65. The business has a fifty day moving average price of $37.99 and a 200 day moving average price of $36.21.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts predict that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Trading of Axalta Coating Systems

Large investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in Axalta Coating Systems during the second quarter valued at $30,000. True Wealth Design LLC bought a new stake in Axalta Coating Systems during the third quarter worth approximately $37,000. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 266 shares during the period. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems in the 3rd quarter worth about $41,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Axalta Coating Systems during the third quarter valued at approximately $54,000. Institutional investors 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.