Axalta Coating Systems Ltd. (AXTA) Receives $34.00 Average Target Price from Analysts

Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27.

AXTA has been the topic of several other reports. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned "Buy" rating by Robert W. Baird on Monday, October 30. Of those insider trades, 0 shares of Axalta Coating Systems Ltd. were purchased and 3,950 shares were sold. Finally, UBS Group lowered their price target on shares of Axalta Coating Systems from $39.00 to $37.00 and set a buy rating for the company in a research note on Friday, October 27th. Citigroup raised shares of Axalta Coating Systems from a sell rating to a hold rating and set a $34.00 price target for the company in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. The stock now has a consensus rating of "Hold" and an average target price of $33.73. Credit Suisse maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Monday, June 27 with "Outperform" rating.

The stock decreased 1.12% or $0.37 during the last trading session, reaching $32.54. The company has market cap of $1.67 billion. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. Axalta Coating Systems has $40.0 highest and $3.0 lowest target.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, October 26th. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company's revenue was up 6.8% on a year-over-year basis. During the same period a year ago, the business posted $0.33 EPS.

A number of institutional investors have recently made changes to their positions in the stock. Finally, Advisor Group Inc. increased its holdings in shares of Axalta Coating Systems by 217.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,952,954 shares of the specialty chemicals company's stock worth $62,573,000 after acquiring an additional 465,671 shares in the last quarter. Comerica Bank now owns 10,329 shares of the specialty chemicals company's stock valued at $332,000 after acquiring an additional 1,907 shares during the last quarter. Rhumbline Advisers grew its position in shares of Axalta Coating Systems by 25.9% in the 2nd quarter. Rhumbline Advisers now owns 231,310 shares of the specialty chemicals company's stock worth $7,411,000 after buying an additional 47,569 shares during the period. First Trust Advisors LP boosted its holdings in shares of Axalta Coating Systems by 78.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Axalta Coating Systems during the second quarter valued at $108,000. DekaBank Deutsche Girozentrale now owns 52,981 shares of the specialty chemicals company's stock worth $1,730,000 after buying an additional 27,890 shares during the period. Institutional investors own 99.21% of the company's stock.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the transaction, the senior vice president now directly owns 108,818 shares in the company, valued at approximately $3,553,995.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The Company's segments include Performance Coatings and Transportation Coatings.