AXTA has been the topic of a number of other reports. Robert W. Baird maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Friday, November 10 with "Buy" rating. Axalta Coating Systems has a 52 week low of $27.66 and a 52 week high of $38.20. The rating was maintained by RBC Capital Markets on Monday, July 3 with "Buy". KeyCorp reaffirmed a buy rating and set a $36.00 target price on shares of Axalta Coating Systems in a report on Thursday, October 12th. Jefferies maintained the stock with "Buy" rating in Monday, November 13 report. The company has an average rating of Hold and a consensus target price of $33.73.
Axalta Coating Systems (AXTA) traded down $0.28 during midday trading on Tuesday, hitting $32.44. There were 53 sold out positions, amounting to 15.98 million shares. Axalta Coating Systems Ltd. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. The company was maintained on Monday, October 9 by RBC Capital Markets.
Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, October 26th. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. During the same period last year, the firm earned $0.33 earnings per share. analysts anticipate that Axalta Coating Systems Ltd will post 1.15 EPS for the current fiscal year. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned "Equal Weight" rating by Barclays Capital on Wednesday, December 28. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Of those insider trades, 0 shares of Axalta Coating Systems Ltd. were purchased and 3,950 shares were sold. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Institutional investors own 99.21% of the company's stock.
Other equities analysts have also issued research reports about the company. Bank of New York Mellon Corp boosted its holdings in Axalta Coating Systems by 11.8% during the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,259,420 shares of the company's stock worth $148,684,000 after buying an additional 853,497 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Axalta Coating Systems by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 833,165 shares of the specialty chemicals company's stock worth $26,695,000 after acquiring an additional 87,798 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Axalta Coating Systems by 217.3% during the second quarter. Comerica Bank now owns 10,329 shares of the specialty chemicals company's stock worth $332,000 after purchasing an additional 1,907 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Axalta Coating Systems by 14.4% during the second quarter. Acrospire Investment Management LLC raised its stake in Axalta Coating Systems by 257.0% during the second quarter.
A number of institutional investors have recently made changes to their positions in the stock. Axalta Coating Systems has a consensus rating of "Hold" and an average price target of $33.17. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/01/13/zacks-investment-research-lowers-axalta-coating-systems-axta-to-sell.html. Comerica Bank increased its holdings in Axalta Coating Systems by 22.6% during the 2nd quarter.
Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. It operates through two divisions, Performance Coatings and Transportation Coatings.