Axalta Coating Systems (NYSE:AXTA) had its price target decreased by Nomura from $34.00 to $29.00 in a research report released on Monday morning. Nomura currently has a neutral rating on the specialty chemicals company’s stock.

A number of other research firms also recently commented on AXTA. KeyCorp reduced their price objective on shares of Axalta Coating Systems from $38.00 to $36.00 and set an overweight rating for the company in a report on Friday, July 27th. JPMorgan Chase & Co. raised shares of Axalta Coating Systems from a neutral rating to an overweight rating and set a $33.00 price objective for the company in a report on Friday, July 27th. Barclays restated a hold rating and set a $32.00 price target on shares of Axalta Coating Systems in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Axalta Coating Systems from a sell rating to a hold rating in a research note on Monday, July 30th. Finally, Citigroup cut their price target on shares of Axalta Coating Systems from $33.00 to $28.00 and set a neutral rating for the company in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $33.33.

Shares of AXTA stock opened at $25.60 on Monday. The firm has a market capitalization of $7.02 billion, a P/E ratio of 21.75, a PEG ratio of 1.58 and a beta of 1.26. Axalta Coating Systems has a one year low of $25.27 and a one year high of $38.20. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.27 and a quick ratio of 1.67.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Axalta Coating Systems had a return on equity of 21.32% and a net margin of 2.97%. Axalta Coating Systems’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. As a group, sell-side analysts predict that Axalta Coating Systems will post 1.27 earnings per share for the current fiscal year.

In other news, EVP Steven R. Markevich sold 13,500 shares of Axalta Coating Systems stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $29.47, for a total value of $397,845.00. Following the completion of the transaction, the executive vice president now owns 177,029 shares in the company, valued at $5,217,044.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Mclaughlin sold 4,920 shares of Axalta Coating Systems stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $30.33, for a total transaction of $149,223.60. Following the completion of the transaction, the director now owns 39,442 shares of the company’s stock, valued at approximately $1,196,275.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 345,391 shares of company stock valued at $10,268,682. Company insiders own 2.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its position in Axalta Coating Systems by 113.6% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 2,118 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Axalta Coating Systems by 78.1% in the second quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 1,800 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Axalta Coating Systems in the second quarter valued at about $124,000. Cerebellum GP LLC bought a new position in shares of Axalta Coating Systems in the second quarter valued at about $176,000. Finally, Captrust Financial Advisors raised its holdings in shares of Axalta Coating Systems by 120.7% in the second quarter. Captrust Financial Advisors now owns 6,742 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 3,687 shares during the last quarter.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated 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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