1 week Ago By ABMN Staff
BNP Paribas upgraded shares of Axalta Coating Systems ( NYSE:AXTA – Free Report ) from a neutral rating to an outperform rating in a report published on Thursday, MarketBeat.com reports. They currently have $38.
00 price objective on the specialty chemicals company’s stock. Several other brokerages also recently issued reports on AXTA. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th.
Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th.
Wells Fargo & Company lowered their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday.
Citigroup reduced their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th.
Finally, Mizuho lowered their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th.
Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.64.
View Our Latest Stock Analysis on Axalta Coating Systems Axalta Coating Systems Stock Up 1.4 % Axalta Coating Systems ( NYSE:AXTA – Get Free Report ) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.
60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09.
The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion.
Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%.
The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.
43 earnings per share. As a group, equities research analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.
Insider Transactions at Axalta Coating Systems In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.
57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.
85. This represents a 12.25 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 0.40% of the company’s stock.
Institutional Investors Weigh In On Axalta Coating Systems Institutional investors have recently added to or reduced their stakes in the stock. MRA Advisory Group acquired a new stake in shares of Axalta Coating Systems in the 1st quarter valued at about $394,000. Financial Management Professionals Inc.
raised its position in Axalta Coating Systems by 11,757.1% in the 1st quarter. Financial Management Professionals Inc.
now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 823 shares during the last quarter. Trinity Street Asset Management LLP bought a new stake in Axalta Coating Systems in the 1st quarter valued at approximately $16,348,000. GAMMA Investing LLC boosted its position in Axalta Coating Systems by 3,005.
3% during the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company’s stock worth $2,549,000 after acquiring an additional 74,380 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Axalta Coating Systems by 263.
3% during the 1st quarter. Versant Capital Management Inc now owns 8,112 shares of the specialty chemicals company’s stock worth $269,000 after acquiring an additional 5,879 shares in the last quarter. 98.
28% of the stock is owned by institutional investors. About Axalta Coating Systems ( Get Free Report ) Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
The company operates through two segments, Performance Coatings and Mobility Coatings. Featured Articles Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter .
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