Axalta Coating Systems (NYSE:AXTA) Given New $25.00 Price Target at UBS Group

Axalta Coating Systems (NYSE:AXTA) had its target price cut by UBS Group from $32.00 to $25.00 in a report released on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other research firms have also commented on AXTA. Credit Suisse Group lowered their price target on shares of Axalta Coating Systems from $35.00 to $29.00 and set an outperform rating for the company in a report on Friday, March 20th. TheStreet lowered shares of Axalta Coating Systems from a b- rating to a c+ rating in a report on Friday, February 7th. BMO Capital Markets upgraded shares of Axalta Coating Systems from a market perform rating to an outperform rating and lowered their price target for the company from $38.00 to $35.00 in a report on Monday, February 3rd. Finally, Zacks Investment Research upgraded shares of Axalta Coating Systems from a sell rating to a hold rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $28.91.

Shares of AXTA traded up $0.95 during mid-day trading on Monday, reaching $17.47. The company’s stock had a trading volume of 7,171,695 shares, compared to its average volume of 3,328,096. The stock has a market cap of $3.47 billion, a PE ratio of 16.48, a P/E/G ratio of 1.18 and a beta of 1.46. The company has a current ratio of 2.40, a quick ratio of 1.85 and a debt-to-equity ratio of 2.69. Axalta Coating Systems has a 52 week low of $12.92 and a 52 week high of $32.20. The company’s fifty day moving average price is $24.07 and its two-hundred day moving average price is $28.33.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.13 billion. Axalta Coating Systems had a return on equity of 31.81% and a net margin of 5.56%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Research analysts anticipate that Axalta Coating Systems will post 1.8 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Bourgeon Capital Management LLC purchased a new position in Axalta Coating Systems during the 4th quarter valued at $27,000. Citizens Financial Group Inc RI purchased a new position in Axalta Coating Systems during the 4th quarter valued at $29,000. Acadian Asset Management LLC purchased a new position in Axalta Coating Systems during the 4th quarter valued at $107,000. Advisor Group Inc. increased its position in Axalta Coating Systems by 11.8% during the 4th quarter. Advisor Group Inc. now owns 3,673 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 387 shares during the period. Finally, Emerald Advisers LLC purchased a new stake in shares of Axalta Coating Systems in the 4th quarter worth about $172,000. 94.58% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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