Axalta Coating Systems (NYSE:AXTA) share price fell 1.8%


The shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report) were down 1.8% in afternoon trading on Friday. The stock traded as low as $30.59 and last traded at $31.25. During trading, 481,263 shares traded, a decline of 75% from the average session volume of 1,892,050 shares. The stock previously closed at $31.81.

Analyst upgrades and downgrades

Several stock analysts have recently released reports on the company. JPMorgan Chase & Co. raised their price target on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, February 9. Citigroup raised their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, April 10. Wolfe Research reported on Axalta Coating Systems in a research note on Friday, March 1. They gave the stock a peer perform rating. Wells Fargo & Company raised their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equalweight” rating in a research note on Tuesday, January 9. Finally, UBS Group downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the stock. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and a consensus target price of $35.70.

Check out our latest research report on Axalta coating systems

Axalta coating systems stock performance

The company has a market cap of $6.80 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.03, and a beta of 1.51. The company has a 50-day moving average of $32.67 and a two-hundred-day moving average of $31.55. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last reported its earnings results on Thursday, February 8. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company had revenue of $1.30 billion during the quarter, compared to analyst expectations of $1.29 billion. During the same period last year, the company posted earnings per share of $0.38. The company’s revenue rose 4.9% year over year. As a group, equity research analysts predict that Axalta Coating Systems Ltd. will post earnings per share of 1.88 for the current year.

Institutional investors are considering Axalta coating systems

A number of institutional investors have recently changed their positions in AXTA. KB Financial Partners LLC bought a new position in shares of Axalta Coating Systems during the first quarter valued at $25,000. Itau Unibanco Holding SA bought a new position in shares of Axalta Coating Systems during the second quarter worth $28,000. Quarry LP bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $31,000. Fifth Third Bancorp increased its stake in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 338 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in shares of Axalta Coating Systems by 12,022.2% in the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 1,082 shares in the last quarter. 98.28% of the shares are owned by hedge funds and other institutional investors.

Axalta Coating Systems company profile

(Get a free report)

Axalta Coating Systems Ltd. produces, sells and distributes high-quality coating systems through its subsidiaries 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.

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