Axalta Coating Systems (NYSE:AXTA) Receives Upgrade From JP Morgan. Will Other Analysts Follow Suit?

July 27, 2018 - By Pearl Odom

Axalta Coating Systems (NYSE:AXTA) Stock Upgrade

JP Morgan upped shares of Axalta Coating Systems (NYSE:AXTA) from a Neutral rating to a solid Overweight in analysts note sent to investors and clients on today.

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

Among 9 analysts covering Axalta Coating Systems (NYSE:AXTA), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Axalta Coating Systems has $3600 highest and $31 lowest target. $34.33’s average target is 13.08% above currents $30.36 stock price. Axalta Coating Systems had 12 analyst reports since February 7, 2018 according to SRatingsIntel. The rating was downgraded by J.P. Morgan to “Hold” on Wednesday, May 30. The company was maintained on Wednesday, February 7 by Credit Suisse. On Tuesday, March 27 the stock rating was initiated by BMO Capital Markets with “Hold”. The firm earned “Buy” rating on Thursday, February 8 by RBC Capital Markets. The company was downgraded on Tuesday, April 17 by Seaport Global. As per Thursday, April 26, the company rating was maintained by JP Morgan. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Hold” rating by BMO Capital Markets on Wednesday, April 25. The firm earned “Neutral” rating on Wednesday, July 11 by Nomura. Nomura maintained Axalta Coating Systems Ltd. (NYSE:AXTA) rating on Thursday, February 8. Nomura has “Neutral” rating and $31 target. Susquehanna maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Wednesday, February 14 with “Hold” rating.

The stock increased 1.71% or $0.51 during the last trading session, reaching $30.36. About 4.04M shares traded or 125.61% up from the average. Axalta Coating Systems Ltd. (NYSE:AXTA) has risen 2.73% since July 27, 2017 and is uptrending. It has underperformed by 9.84% the S&P500.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.45 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 178.59 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.

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

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