RBC Capital Reaffirms Their Hold Rating on Axalta Coating Systems (AXTA)

In a report issued on July 28, Arun Viswanathan from RBC Capital maintained a Hold rating on Axalta Coating Systems (AXTAResearch Report), with a price target of $25.00. The company’s shares closed last Friday at $25.22.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.4% and a 55.5% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Ardagh Metal Packaging, and Berry Global Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axalta Coating Systems with a $29.70 average price target, which is a 17.5% upside from current levels. In a report issued on July 28, Wells Fargo also maintained a Hold rating on the stock with a $26.00 price target.

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Axalta Coating Systems’ market cap is currently $5.58B and has a P/E ratio of 27.53.

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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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