BidaskClub lowered shares of Axalta Coating Systems Ltd. (NYSE:AXTA) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Susquehanna Bancshares Inc began coverage on Axalta Coating Systems in a research report on Tuesday, July 18th. They set a neutral rating and a $37.00 price target for the company. UBS AG reduced their price target on Axalta Coating Systems from $39.00 to $37.00 and set a buy rating for the company in a research report on Friday, October 27th. Royal Bank Of Canada reaffirmed a buy rating and set a $37.00 price target on shares of Axalta Coating Systems in a research report on Monday, October 30th. They noted that the move was a valuation call. Citigroup Inc. raised Axalta Coating Systems from a sell rating to a hold rating and set a $34.00 price target for the company in a research report on Monday, October 30th. Finally, Robert W. Baird reaffirmed a buy rating and set a $35.00 price target on shares of Axalta Coating Systems in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of Hold and an average price target of $33.87.

Axalta Coating Systems (NYSE AXTA) traded up $0.83 during midday trading on Tuesday, reaching $33.18. The company had a trading volume of 2,376,900 shares, compared to its average volume of 2,096,058. Axalta Coating Systems has a twelve month low of $24.72 and a twelve month high of $34.47. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69. The company has a market cap of $7,881.44, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.62.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $0.33 EPS. Axalta Coating Systems’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts anticipate that Axalta Coating Systems will post 1.15 EPS for the current fiscal year.

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In related news, EVP Steven R. Markevich sold 900 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total value of $26,478.00. Following the sale, the executive vice president now owns 201,393 shares in the company, valued at approximately $5,924,982.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,774 shares of company stock worth $5,771,898. 2.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Counselors Inc. raised its stake in Axalta Coating Systems by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock valued at $229,000 after acquiring an additional 225 shares during the period. RiverPoint Capital Management LLC raised its stake in Axalta Coating Systems by 1.9% in the 2nd quarter. RiverPoint Capital Management LLC now owns 12,940 shares of the specialty chemicals company’s stock valued at $415,000 after acquiring an additional 245 shares during the period. Investment Counselors of Maryland LLC raised its stake in Axalta Coating Systems by 0.7% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 51,401 shares of the specialty chemicals company’s stock valued at $1,647,000 after acquiring an additional 375 shares during the period. Commonwealth Bank of Australia raised its stake in Axalta Coating Systems by 18.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after acquiring an additional 703 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Axalta Coating Systems by 14.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock valued at $291,000 after acquiring an additional 1,141 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Analyst Recommendations for Axalta Coating Systems (NYSE:AXTA)

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