Axalta Coating Systems (NYSE:AXTA) had its price objective lifted by stock analysts at Credit Suisse Group from $34.00 to $35.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 16.67% from the stock’s current price.

A number of other equities analysts also recently issued reports on AXTA. Citigroup downgraded shares of Axalta Coating Systems from a “neutral” rating to a “sell” rating and cut their price target for the company from $31.00 to $25.00 in a report on Tuesday, October 10th. Nomura upgraded shares of Axalta Coating Systems to a “buy” rating and cut their price target for the company from $30.00 to $28.00 in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and issued a $36.00 price target on shares of Axalta Coating Systems in a report on Thursday, October 12th. Instinet reiterated a “neutral” rating and issued a $28.00 price target (down previously from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Finally, BidaskClub downgraded shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $33.53.

Axalta Coating Systems (NYSE:AXTA) opened at $30.00 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69. The stock has a market cap of $7,377.98, a PE ratio of 230.79, a PEG ratio of 1.64 and a beta of 1.38. Axalta Coating Systems has a twelve month low of $27.77 and a twelve month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.93%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) EPS. analysts forecast that Axalta Coating Systems will post 1.35 earnings per share for the current fiscal year.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now directly owns 108,818 shares in the company, valued at approximately $3,553,995.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles W. Shaver sold 235,810 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total transaction of $7,211,069.80. Following the transaction, the chief executive officer now owns 522,752 shares of the company’s stock, valued at $15,985,756.16. The disclosure for this sale can be found here. Insiders have sold a total of 473,902 shares of company stock valued at $14,498,467 over the last 90 days. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. boosted its stake in shares of Axalta Coating Systems by 3.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock worth $297,649,000 after purchasing an additional 308,016 shares during the last quarter. Davis Selected Advisers boosted its stake in shares of Axalta Coating Systems by 30.1% during the 3rd quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock worth $271,921,000 after purchasing an additional 2,173,915 shares during the last quarter. State Street Corp boosted its stake in shares of Axalta Coating Systems by 11.2% during the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock worth $116,710,000 after purchasing an additional 365,915 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Axalta Coating Systems during the 3rd quarter worth about $94,884,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Axalta Coating Systems by 75.1% during the 4th quarter. Wells Fargo & Company MN now owns 3,146,214 shares of the specialty chemicals company’s stock worth $101,811,000 after purchasing an additional 1,349,093 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

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About Axalta Coating Systems

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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