Axalta Coating Systems (NYSE:AXTA) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Axalta Coating Systems Ltd. (NYSE:AXTA) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $34.19 and traded as high as $34.76. Axalta Coating Systems shares last traded at $34.2230, with a volume of 1,669,035 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. UBS Group reduced their price objective on shares of Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Mizuho boosted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets restated a “market perform” rating on shares of Axalta Coating Systems in a report on Monday, September 21st. Finally, Barclays initiated coverage on shares of Axalta Coating Systems in a research report on Monday, October 12th. They issued an “overweight” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.18.

Axalta Coating Systems Stock Performance

The company has a market cap of $7.32 billion, a PE ratio of 21.13, a PEG ratio of 1.85 and a beta of 1.26. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $34.19 and a 200-day moving average of $32.31.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%. Axalta Coating Systems’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Several large investors have recently bought and sold shares of AXTA. Inspire Investing LLC boosted its holdings in Axalta Coating Systems by 144.6% during the 3rd quarter. Inspire Investing LLC now owns 31,467 shares of the specialty chemicals company’s stock worth $1,012,000 after acquiring an additional 18,600 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Axalta Coating Systems in the 3rd quarter worth $33,000. Quadrant Capital Group LLC grew its stake in shares of Axalta Coating Systems by 10.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 11,219 shares of the specialty chemicals company’s stock worth $376,000 after acquiring an additional 1,050 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Axalta Coating Systems by 192.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 61,275 shares of the specialty chemicals company’s stock worth $1,970,000 after acquiring an additional 40,305 shares in the last quarter. Finally, Formuepleje A S raised its holdings in shares of Axalta Coating Systems by 0.5% in the third quarter. Formuepleje A S now owns 60,905 shares of the specialty chemicals company’s stock valued at $1,959,000 after purchasing an additional 321 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. (NYSE: AXTA) develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.

The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.