Finally Time For Investors to Buy? Vertical Research Upgrades Axalta Coating Systems (NYSE:AXTA), With $37.0 Target

January 21, 2018 - By Nellie Frank

  Finally Time For Investors to Buy? Vertical Research Upgrades Axalta Coating Systems (NYSE:AXTA), With $37.0 Target

Axalta Coating Systems (NYSE:AXTA) Stock Upgrade

Vertical Research increased shares of Axalta Coating Systems (NYSE:AXTA) stock to a solid “Buy” rating. This recent change was sent to investors and clients in an analyst note today. The company after the upgrade has a $37.0 target on AXTA.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Coverage

Among 21 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Axalta Coating Systems has $40.0 highest and $3.0 lowest target. $34.07’s average target is 7.61% above currents $31.66 stock price. Axalta Coating Systems had 66 analyst reports since September 2, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, April 18 by Citigroup. Instinet downgraded the shares of AXTA in report on Friday, April 21 to “Neutral” rating. JP Morgan downgraded the shares of AXTA in report on Thursday, October 29 to “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $3400 target in Monday, August 7 report. The rating was upgraded by Jefferies on Tuesday, February 16 to “Buy”. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Buy” rating given on Monday, October 9 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $35 target in Wednesday, March 15 report. The rating was maintained by Barclays Capital on Friday, August 4 with “Equal-Weight”. RBC Capital Markets maintained it with “Buy” rating and $34.0 target in Friday, December 15 report. The stock has “Hold” rating by Citigroup on Monday, October 30.

The stock increased 1.64% or $0.51 during the last trading session, reaching $31.66. About 2.09 million shares traded. Axalta Coating Systems Ltd. (NYSE:AXTA) has risen 13.74% since January 21, 2017 and is uptrending. It has underperformed by 2.96% the S&P500.

Analysts await Axalta Coating Systems Ltd. (NYSE:AXTA) to report earnings on February, 14. They expect $0.32 earnings per share, up 14.29 % or $0.04 from last year’s $0.28 per share. AXTA’s profit will be $77.96M for 24.73 P/E if the $0.32 EPS becomes a reality. After $0.26 actual earnings per share reported by Axalta Coating Systems Ltd. for the previous quarter, Wall Street now forecasts 23.08 % EPS growth.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.71 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 120.84 P/E ratio. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops.

More important recent Axalta Coating Systems Ltd. (NYSE:AXTA) news were published by: Gurufocus.com which released: “Jolley Asset Management, LLC Buys Merck Inc, Axalta Coating Systems, Roche …” on January 18, 2018, also Prnewswire.com published article titled: “What’s Happening With These Specialty Chemicals Stocks? — Axalta Coating …”, Gurufocus.com published: “Steven Romick Buys Expedia, Adds to Axalta Coating Systems and WPP Plc” on January 10, 2018. More interesting news about Axalta Coating Systems Ltd. (NYSE:AXTA) was released by: Nasdaq.com and their article: “Axalta Coating Systems Becomes Oversold (AXTA)” with publication date: January 17, 2018.

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