Reaffirmed: Axalta Coating Systems Ltd (NYSE:AXTA) Outperform Rating Reconfirmed by equity analysts RBC Capital Markets; $37.00 Target in Place

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Axalta Coating Systems Ltd (NYSE:AXTA) Rating Reaffirmed

Researchers at RBC Capital Markets now has a $37.00 Estimated Target Price on Axalta Coating Systems Ltd (NYSE:AXTA). RBC Capital Markets and their recent Estimated Target Price suggests a potential upside of 33.00% from the company’s last stock close. The rating has been revealed to clients and investors in analysts report on 7 December.

From a total of 12 analysts covering Axalta Coating Systems (NYSE:AXTA) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is $38 while the lowest target price is $29. The mean of all analyst targets is $33.33 with a 18.62% above today’s ($27.82) stock price. Axalta Coating Systems was the topic of 6 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. JP Morgan downgraded shares on October 29 to “Neutral” rating. Deutsche Bank maintained AXTA stock in a recent report from October 2 with “Buy” rating. Finally, Citigroup reinitiated the stock with “Buy” rating in a report issued on a September 2.

The stock closed the day at $27.82 during the previous session. It is down 11.93% since May 4, 2015 and is downtrending. It has underperformed by 10.86% the S&P500.

Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The company has a market cap of $6.62 billion. The Firm operates in two business divisions: Performance Coatings and Transportation Coatings. It has 127.4 P/E ratio. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

According to Zacks Investment Research, “Axalta Coating Systems Ltd. is a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The Company’s products and services include paint, color matching tools, application technologies and customer training, support and business management systems. Axalta Coating Systems Ltd. is headquartered in Philadelphia, Pennsylvania.” Get a free copy of the Zacks research report on Axalta Coating Systems Ltd (AXTA).

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