TheStreet downgraded shares of Axalta Coating Systems (NYSE:AXTA) from a b- rating to a c+ rating in a research report report published on Thursday, December 28th. Credit Suisse Group lifted their target price on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the company an outperform rating in a report on Monday, November 6th.
Want to see what other hedge funds are holding AXTA? Baird reiterated a buy rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. Finally, UBS Group lowered their target price on Axalta Coating Systems from $39.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, October 27th. Raymond James Financial assumed coverage on shares of Axalta Coating Systems in a research note on Tuesday, December 19th. Of those analysts, 7 rate stock as a Strong Buy, 5 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. As per Thursday, July 13, the company rating was maintained by RBC Capital Markets. On Wednesday, September 2 the stock rating was reinitiated by Citigroup with "Buy". The stock's 50-day moving average price is $28.25 and its 200-day moving average price is $27.40.
Axalta Coating Systems (AXTA) traded down $0.28 during midday trading on Tuesday, hitting $32.44. With 2,800 avg volume, 48205 days are for YAHOO JAPAN CORPORATION (OTCMKTS:YAHOF)'s short sellers to cover YAHOF's short positions. Axalta Coating Systems Ltd. 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 company has a market capitalization of $7,971.59, a price-to-earnings ratio of 135.17, a PEG ratio of 1.72 and a beta of 1.55.
Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 26th. Its down 25.62% from 10.16 million shares, reported previously. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. analysts forecast that Axalta Coating Systems will post 1.15 EPS for the current year.
The most recent open market insider trade was Sell of 3,950 shares on a day where the closing price was 32.66. Financial Counselors Inc. grew its stake in shares of Axalta Coating Systems by 3.3% during the second quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several other analysts also recently weighed in on the stock. Country Trust Bank grew its stake in Axalta Coating Systems by 143.2% in the fourth quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 703 shares during the period. BlackRock Advisors LLC boosted its position in Axalta Coating Systems by 5.7% in the third quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company's stock worth $156,000 after purchasing an additional 3,500 shares during the period. Country Club Trust Company n.a. grew its stake in Axalta Coating Systems by 183.3% in the fourth quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Axalta Coating Systems by 11.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 149,355 shares of the specialty chemicals company's stock worth $4,785,000 after purchasing an additional 15,120 shares during the period. The rating was downgraded by Gabelli on Thursday, February 9 to "Hold". If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and global copyright and trademark law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/01/13/zacks-investment-research-lowers-axalta-coating-systems-axta-to-sell.html.
Axalta Coating Systems Ltd.is a holding company.
Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. Its segments include Performance Coatings and Transportation Coatings.