Axalta Coating Systems (NYSE:AXTA) had its target price hoisted by research analysts at Nomura from $29.00 to $31.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Nomura’s price target indicates a potential upside of 1.41% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on AXTA. KeyCorp reiterated a “buy” rating and set a $36.00 price target on shares of Axalta Coating Systems in a research report on Thursday, October 12th. Instinet reiterated a “neutral” rating and set a $28.00 price target (down from $30.00) on shares of Axalta Coating Systems in a research report on Friday, October 13th. BidaskClub cut Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 17th. UBS Group decreased their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Axalta Coating Systems in a research report on Monday, October 30th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.53.

Shares of Axalta Coating Systems (AXTA) opened at $30.57 on Thursday. The company has a market cap of $7,317.00, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. Axalta Coating Systems has a fifty-two week low of $27.77 and a fifty-two week high of $38.20. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business posted ($0.16) earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. equities research analysts anticipate that Axalta Coating Systems will post 1.35 EPS for the current year.

In other Axalta Coating Systems news, EVP Joseph F. Mcdougall sold 1,528 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $30.69, for a total value of $46,894.32. Following the completion of the sale, the executive vice president now owns 101,023 shares of the company’s stock, valued at $3,100,395.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sean M. Lannon sold 1,080 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $30.77, for a total value of $33,231.60. Following the completion of the sale, the vice president now directly owns 14,243 shares of the company’s stock, valued at approximately $438,257.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 473,902 shares of company stock worth $14,498,467. 2.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AXTA. Bronfman E.L. Rothschild L.P. boosted its stake in Axalta Coating Systems by 927.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 3,664 shares in the last quarter. American International Group Inc. purchased a new stake in Axalta Coating Systems in the fourth quarter worth approximately $163,000. Advisor Group Inc. boosted its stake in Axalta Coating Systems by 217.3% in the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 3,837 shares in the last quarter. LVW Advisors LLC purchased a new stake in Axalta Coating Systems in the third quarter worth approximately $214,000. Finally, Rockefeller Financial Services Inc. purchased a new stake in Axalta Coating Systems in the third quarter worth approximately $215,000. 98.43% of the stock is owned by institutional investors and hedge funds.

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Axalta Coating Systems Company Profile

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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