Mizuho Securities analyst Chris Parkinson maintained a Buy rating on Axalta Coating Systems (AXTA – Research Report) on April 25 and set a price target of $34.00. The company’s shares closed last Tuesday at $26.24.
According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 10.1% and a 61.8% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Berry Global Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axalta Coating Systems with a $31.73 average price target, representing a 22.1% upside. In a report issued on April 25, Robert W. Baird also maintained a Buy rating on the stock with a $38.00 price target.
Based on Axalta Coating Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.14 billion and net profit of $53.2 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $69.7 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AXTA in relation to earlier this year.
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Axalta Coating Systems Ltd. engages in the manufacture, marketing, and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded on 1866 and is headquartered in Philadelphia, PA.
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