KeyBanc Has Just Reaffirmed $36 Target Price Per Share on Axalta Coating Systems (NYSE:AXTA) stock, While They’ve Also Reiterated Their “Overweight” Rating

July 27, 2018 - By Richard Slagle

Axalta Coating Systems (NYSE:AXTA) Rating Reaffirmed

Expert analysts at KeyBanc now has a $36 PT on Axalta Coating Systems (NYSE:AXTA). KeyBanc and their recent PT gives a potential upside of 18.58 % from the company’s current price. The rating has been revealed to investors in a research note on Friday morning.

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. J.P. Morgan downgraded the stock to “Hold” rating in Wednesday, May 30 report. The firm has “Neutral” rating given on Wednesday, May 30 by JP Morgan. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Hold” rating given on Friday, April 27 by Bank of America. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Hold” rating by BMO Capital Markets on Tuesday, March 27. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 25. JP Morgan maintained the shares of AXTA in report on Thursday, April 26 with “Overweight” rating. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Neutral” rating by Nomura on Thursday, February 8. Nomura maintained the shares of AXTA in report on Wednesday, July 11 with “Neutral” rating. Seaport Global downgraded Axalta Coating Systems Ltd. (NYSE:AXTA) on Tuesday, April 17 to “Hold” rating. The company was maintained on Wednesday, February 14 by Susquehanna.

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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