Axalta Coating Systems (AXTA) Projected to Post Quarterly Earnings on Tuesday

Axalta Coating Systems (NYSE:AXTA) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $1.31 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Axalta Coating Systems Stock Down 2.6 %

AXTA opened at $35.93 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The company’s 50-day moving average is $36.70 and its 200 day moving average is $36.37. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. The firm has a market capitalization of $7.83 billion, a P/E ratio of 24.27, a PEG ratio of 0.76 and a beta of 1.46.

Analysts Set New Price Targets

AXTA has been the subject of a number of research analyst reports. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Mizuho reduced their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.00.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.