Axalta Coating Systems (NYSE:AXTA) Price Target Cut to $41.00 by Analysts at Mizuho

Axalta Coating Systems (NYSE:AXTA) had its target price decreased by equities researchers at Mizuho from $43.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price points to a potential upside of 19.57% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Barclays raised their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price for the company. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $34.29 on Tuesday. Axalta Coating Systems has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average of $37.88 and a 200-day moving average of $36.20. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 0.83 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Analysts forecast that Axalta Coating Systems will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Several large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares during the period. Signaturefd LLC increased its stake in Axalta Coating Systems by 14.1% during the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 444 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Axalta Coating Systems by 30.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after purchasing an additional 455 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Axalta Coating Systems by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after purchasing an additional 473 shares in the last quarter. Finally, KBC Group NV increased its stake in Axalta Coating Systems by 13.9% during the 3rd quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company’s stock worth $212,000 after purchasing an additional 716 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.