Axalta Coating Systems (NYSE:AXTA) Given New $45.00 Price Target at BMO Capital Markets

Axalta Coating Systems (NYSE:AXTA) had its target price hoisted by analysts at BMO Capital Markets from $42.00 to $45.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price indicates a potential upside of 28.24% from the company’s current price.

AXTA has been the topic of several other research reports. Mizuho cut their price target on Axalta Coating Systems from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday. Barclays raised their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Citigroup boosted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $37.23.

Axalta Coating Systems Trading Up 2.6 %

Shares of AXTA stock traded up $0.88 on Thursday, reaching $35.09. The company had a trading volume of 812,218 shares, compared to its average volume of 2,072,673. The stock has a market cap of $7.74 billion, a PE ratio of 29.16, a PEG ratio of 1.02 and a beta of 1.51. The company has a 50-day moving average of $32.72 and a 200-day moving average of $31.80. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $35.15.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Axalta Coating Systems will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its position in Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 338 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Axalta Coating Systems by 12,022.2% during 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 during the period. Raleigh Capital Management Inc. bought a new position in shares of Axalta Coating Systems during the fourth quarter worth approximately $48,000. CWM LLC lifted its holdings in Axalta Coating Systems by 35.6% during the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 649 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Axalta Coating Systems in the 4th quarter valued at $88,000. 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.