A statement released earlier today by Zacks Investment Research about Axalta Coating Systems Ltd (NYSE:AXTA) bumps the target price to $30.00
- Updated: October 11, 2016
Stating a potential upside of 0.15%, Zacks Investment Research upped the price target of Axalta Coating Systems Ltd (NYSE:AXTA) to $30.00
Just yesterday Axalta Coating Systems Ltd (NYSE:AXTA) traded -1.80% lower at $26.15. Axalta Coating Systems Ltd’s 50-day moving average is $28.04 and its 200-day moving average is $28.16. With the last stock price close down -7.14% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 2,775,942 shares of AXTA changing hands over the typical 2,079,350
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Axalta Coating Systems Ltd has a 52 week low of $20.67 and a 52 week high of $30.45 with a P/E ratio of 41.64 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 analysts have released a research note on AXTA. The one year target is $33.08 with three analysts rating the company a strong buy, six analysts rating the company a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Axalta Coating Systems Ltd (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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