Economy

UBS AG Trims Axalta Coating Systems Ltd (AXTA) Target Price to $37.00

Axalta Coating Systems's quarterly revenue was up 6.8% on a year-over-year basis. Robeco Institutional Asset Management B.V. purchased a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $108,000. Janney Montgomery Scott LLC acquired a new position in Axalta Coating Systems during the second quarter worth about $453,000.

Axalta Coating Systems (NASDAQ:AXTA) last posted its earnings results on Thursday, October 26th.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Axalta Coating Systems has a 52-week low of $24.44 and a 52-week high of $34.47. The company's stock had a trading volume of 1,208,985 shares.

Axalta Coating Systems (NASDAQ:AXTA) opened at 33.15 on Monday. After Friday's gain, Axalta is an $8 billion company by market cap. Now we look at the Moving Averages, the 200-day is 8.4%, the 50-day is 13.88% and the 20-day is 14.11%.

Axalta Coating Systems Ltd. (AXTA) performance during the last one year upgraded 32.18 percent, while its year to date (YTD) performance showed a positive trend of 21.88 percent. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The shares price has directed 32.18% toward a higher level throughout previous year and swapped 14.59% toward a strong spot during past one month. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. California State Teachers Retirement System owned approximately 0.17% of Axalta Coating Systems worth $12,926,000 at the end of the most recent reporting period.

The statement followed a report by Reuters on Friday suggesting that the companies were in talks, which sent Axalta's shares flying.

Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Commonwealth Bank of Australia boosted its stake in shares of Axalta Coating Systems by 18.1% in the 2nd quarter. Jefferies Group LLC restated a buy rating and issued a $34.00 target price (down previously from $36.00) on shares of Axalta Coating Systems in a report on Wednesday, August 9th.

In related news, EVP Steven R. Markevich sold 921 shares of Axalta Coating Systems stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $29.37, for a total value of $4,699,200.00. Following the transaction, the executive vice president now directly owns 191,609 shares in the company, valued at approximately $5,374,632.45.



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