A statement released earlier today by RBC Capital about Axalta Coating Systems (NYSE:AXTA) drops the target price to $3.00
- Updated: February 12, 2017
Boasting a price of $29.44, Axalta Coating Systems (NYSE:AXTA) traded -0.68% lower on the day. With the last stock price close up 6.53% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.06% over the same time period. The company has recorded a 50-day moving average of $28.45 and a 200-day moving average of $27.44. 1,521,726 shares of AXTA traded hands, down from an average trading volume of 2,137,990
In a report issued 2/9/2017 RBC Capital lowered the target price of Axalta Coating Systems (NYSE:AXTA) from $31.00 to $3.00 indicating a possible downside of -0.90%.
Recent Performance Chart
Axalta Coating Systems has 52 week low of $23.80 and a 52 week high of $30.45 with a PE ratio of 66.58 and has a market capitalization of $0.
Also covering Axalta Coating Systems's price target, a total of 13 analysts have released a report on AXTA. The one year target is $33.08 with three brokerages rating the company a strong buy, six brokerages rating the company a buy, five analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Axalta Coating Systems (NYSE:AXTA)
Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base. The Company, through its Transportation Coatings segment, provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. It develops, manufactures and supplies liquid and powder coatings for a number of applications in the industrial end market. It develops, markets and supplies a portfolio of coatings systems and color matching technologies. It offers waterborne and solventborne products and systems used by the global automotive repair industry to refinish damaged vehicles. Its brands include Voltatex, Alesta, Nap-Gard, Abcite and Imron.
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