StockNews.com upgraded shares of Axalta Coating Systems (NYSE:AXTA – Get Rating) from a hold rating to a buy rating in a research report report published on Monday morning.
AXTA has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded Axalta Coating Systems from a hold rating to a buy rating and raised their price objective for the stock from $25.00 to $40.00 in a research report on Monday, January 30th. Royal Bank of Canada raised shares of Axalta Coating Systems from a sector perform rating to an outperform rating and raised their target price for the company from $30.00 to $36.00 in a research report on Friday, February 17th. Mizuho lifted their target price on shares of Axalta Coating Systems from $30.00 to $31.00 and gave the stock a buy rating in a report on Friday, January 27th. UBS Group boosted their price target on Axalta Coating Systems from $29.00 to $31.00 and gave the company a buy rating in a research note on Wednesday, January 11th. Finally, Jefferies Financial Group raised their price objective on shares of Axalta Coating Systems from $26.00 to $28.00 and gave the company a hold rating in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of Moderate Buy and a consensus price target of $31.36.
Axalta Coating Systems Price Performance
NYSE AXTA opened at $29.92 on Monday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.94 and a quick ratio of 1.35. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.11 and a beta of 1.43. The company has a 50 day simple moving average of $29.50 and a 200-day simple moving average of $26.66. Axalta Coating Systems has a 52-week low of $20.66 and a 52-week high of $32.56.
Insider Buying and Selling at Axalta Coating Systems
In other news, Director William M. Cook bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were acquired at an average price of $29.55 per share, with a total value of $73,875.00. Following the acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $132,975. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William M. Cook purchased 2,500 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average price of $29.55 per share, with a total value of $73,875.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $132,975. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Chris Villavarayan acquired 34,440 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $29.20 per share, with a total value of $1,005,648.00. Following the purchase, the chief executive officer now owns 34,440 shares of the company’s stock, valued at approximately $1,005,648. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.
Institutional Investors Weigh In On Axalta Coating Systems
Large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC lifted its holdings in Axalta Coating Systems by 567.6% in the third quarter. Boothbay Fund Management LLC now owns 82,337 shares of the specialty chemicals company’s stock worth $1,734,000 after buying an additional 70,004 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Axalta Coating Systems during the third quarter valued at $12,248,000. Allspring Global Investments Holdings LLC grew its stake in shares of Axalta Coating Systems by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,247,118 shares of the specialty chemicals company’s stock worth $47,324,000 after acquiring an additional 31,220 shares during the period. Boston Partners raised its stake in Axalta Coating Systems by 12.5% during the 3rd quarter. Boston Partners now owns 17,088,246 shares of the specialty chemicals company’s stock valued at $360,949,000 after buying an additional 1,895,015 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in Axalta Coating Systems by 3.8% during the fourth quarter. Fulton Bank N.A. now owns 11,278 shares of the specialty chemicals company’s stock valued at $287,000 after purchasing an additional 412 shares in the last quarter.
About Axalta Coating Systems
Axalta Coating Systems Ltd. engages in the manufacture, marketing and distribution of coatings systems. It operates through the Performance Coatings and Mobility Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.
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