Royal Bank Of Canada now has a $37.00 price objective on the specialty chemicals company's stock. The company generated a return on equity (ROE) of 0.60%. On June 21 the company was downgraded from " to "Underperform" in an announcement from Bank of America. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. On August 7 Citigroup left the company rating at "Buy" but moved down the price target to $31.00 from $36.00.
Axalta Coating Systems (NASDAQ:AXTA) last announced its earnings results on Thursday, August 3rd.
Axalta Coating Systems was upgraded by analysts at J P Morgan Chase & Co from a "neutral" rating to an "overweight" rating. They gave a "neutral" recommendation and a $37.00 price objective on the shares. around three Brokerage firms have recommended the share with a sell recommendation, around seven has issued a hold recommendation and around seven has issued a buy recommendation to the firms shares. Axalta Coating Systems presently has a consensus rating of "Hold" and an average target price of $33.80. Axalta Coating Systems has a 52-week low of $24.27 and a 52-week high of $34.10. Shares are trading at $28.31 which is marginally under $31.82, the stock's 50 day moving average and which is just a bit below the 200 day moving average of $31.27.
Press coverage about Axalta Coating Systems (NASDAQ:AXTA) has trended somewhat positive recently, Accern Sentiment Analysis reports. The specialty chemicals company reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.39 by $0.08. Axalta Coating Systems Ltd.is headquartered in Philadelphia, Pennsylvania. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The specialty chemicals business posted $0.31 EPS (EPS) for the period, falling below Zacks' average forecast of $0.39 by $0.08. The company's revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Axalta Coating Systems Ltd will post $1.31 earnings per share for the current year. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright laws. If you are reading this story on another site, it was copied illegally and reposted in violation of USA and worldwide copyright law.
7/6/2017 - Axalta Coating Systems had its "buy" rating reaffirmed by analysts at Jefferies Group LLC. The stock was sold at an average price of $31.39, for a total transaction of $969,134.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The shares were sold on July 12th for an average price of $33.00. Westfield Capital Management Co Lp now owns 1,504,315 shares valued at $48,198,000. The disclosure for this sale can be found here. Woodley Farra Manion Portfolio Management Inc acquired 6,025 shares as Microsoft Corp (MSFT)'s stock rose 4.75%. Ameriprise Financial Inc. increased its position in shares of Axalta Coating Systems by 35.9% in the second quarter. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company's stock worth $538,000 after buying an additional 157 shares during the last quarter. The stock rose 1.40% or $1 reaching $72.41 per share. ProShare Advisors LLC raised its position in shares of Axalta Coating Systems by 0.9% in the first quarter. US Bancorp DE now owns 14,234 shares of the specialty chemicals company's stock worth $458,000 after buying an additional 74 shares in the last quarter.
In other Axalta Coating Systems news, Chief Executive Officer Charles W. Shaver unloaded 179,487 stocks of the company's shares in a trade on early Mon, May 15th. Wells Fargo & Company MN now owns 1,535,409 shares of the specialty chemicals company's stock valued at $49,196,000 after buying an additional 61,622 shares during the last quarter. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The company achieved year to date performance of 4.08% and disseminated yield of -3.84% for the past six months.
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