Axalta Coating Systems Ltd (NASDAQ:AXTA) has received a consensus rating of “Hold” from the ten research firms that are covering the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.50.

AXTA has been the topic of a number of analyst reports. Vertical Research downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a report on Friday, December 2nd. Vertical Group downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Friday, December 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $31.00 price target (up from $30.00) on shares of Axalta Coating Systems in a report on Wednesday, December 28th. RBC Capital Markets reiterated a “buy” rating and issued a $31.00 price target on shares of Axalta Coating Systems in a report on Wednesday, January 4th. Finally, Citigroup Inc. downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating in a report on Monday, January 9th.

In other news, CFO Robert W. Bryant sold 47,236 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $28.00, for a total value of $1,322,608.00. Following the completion of the sale, the chief financial officer now owns 265,492 shares of the company’s stock, valued at approximately $7,433,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert W. Bryant sold 48,882 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $28.00, for a total value of $1,368,696.00. Following the completion of the sale, the chief financial officer now directly owns 267,138 shares of the company’s stock, valued at approximately $7,479,864. The disclosure for this sale can be found here. Insiders sold a total of 106,330 shares of company stock valued at $2,982,544 in the last three months.

Hedge funds have recently bought and sold shares of the company. Comerica Bank acquired a new stake in Axalta Coating Systems during the fourth quarter worth $218,000. GLG LLC boosted its stake in Axalta Coating Systems by 6.8% in the fourth quarter. GLG LLC now owns 10,145 shares of the company’s stock worth $276,000 after buying an additional 645 shares during the last quarter. Janus Capital Management LLC boosted its stake in Axalta Coating Systems by 43.9% in the fourth quarter. Janus Capital Management LLC now owns 10,793 shares of the company’s stock worth $294,000 after buying an additional 3,293 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Axalta Coating Systems during the fourth quarter worth $312,000. Finally, Gabelli Funds LLC boosted its stake in Axalta Coating Systems by 9.1% in the fourth quarter. Gabelli Funds LLC now owns 12,000 shares of the company’s stock worth $326,000 after buying an additional 1,000 shares during the last quarter.

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Axalta Coating Systems (NASDAQ:AXTA) traded down 0.13% during mid-day trading on Friday, reaching $29.62. The company had a trading volume of 353,193 shares. The firm has a market capitalization of $7.12 billion and a PE ratio of 174.24. Axalta Coating Systems has a 52 week low of $24.27 and a 52 week high of $30.45. The stock’s 50-day moving average price is $28.72 and its 200 day moving average price is $27.47.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The firm earned $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Axalta Coating Systems will post $1.36 EPS for the current year.

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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NASDAQ:AXTA

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