Royal Bank of Canada reissued their buy rating on shares of Axalta Coating Systems (NYSE:AXTA) in a research note released on Thursday morning. Royal Bank of Canada currently has a $35.00 price objective on the specialty chemicals company’s stock.

Other research analysts also recently issued reports about the company. TheStreet upgraded Axalta Coating Systems from a c rating to a b- rating in a report on Wednesday, November 15th. KeyCorp reiterated a buy rating and issued a $36.00 price target on shares of Axalta Coating Systems in a report on Thursday, October 12th. UBS Group cut their price target on Axalta Coating Systems from $39.00 to $37.00 and set a buy rating on the stock in a report on Friday, October 27th. Vertical Research upgraded Axalta Coating Systems from a hold rating to a buy rating and lifted their price target for the company from $29.00 to $37.00 in a report on Tuesday, October 31st. Finally, Robert W. Baird reiterated a buy rating and issued a $35.00 price target on shares of Axalta Coating Systems in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Axalta Coating Systems presently has an average rating of Hold and a consensus price target of $33.53.

Axalta Coating Systems (NYSE:AXTA) opened at $30.57 on Thursday. Axalta Coating Systems has a fifty-two week low of $27.77 and a fifty-two week high of $38.20. The stock has a market capitalization of $7,456.02, a price-to-earnings ratio of 235.17, a PEG ratio of 1.65 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted ($0.16) EPS. The business’s revenue was up 13.5% compared to the same quarter last year. sell-side analysts anticipate that Axalta Coating Systems will post 1.35 earnings per share for the current fiscal year.

In other Axalta Coating Systems news, CEO Charles W. Shaver sold 235,810 shares of Axalta Coating Systems stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $30.58, for a total transaction of $7,211,069.80. Following the completion of the sale, the chief executive officer now owns 522,752 shares of the company’s stock, valued at approximately $15,985,756.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael F. Finn sold 1,889 shares of Axalta Coating Systems stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $30.56, for a total value of $57,727.84. Following the sale, the senior vice president now directly owns 103,788 shares of the company’s stock, valued at approximately $3,171,761.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 473,902 shares of company stock worth $14,498,467. 2.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. lifted its position in Axalta Coating Systems by 927.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 3,664 shares during the period. American International Group Inc. acquired a new stake in Axalta Coating Systems during the 4th quarter worth about $163,000. Advisor Group Inc. lifted its position in Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 3,837 shares during the period. LVW Advisors LLC acquired a new stake in Axalta Coating Systems during the 3rd quarter worth about $214,000. Finally, Rockefeller Financial Services Inc. acquired a new stake in Axalta Coating Systems during the 3rd quarter worth about $215,000. 98.43% of the stock is owned by institutional investors.

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Axalta Coating Systems Company Profile

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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