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Axalta Coating Systems Ltd (NASDAQ:AXTA) has been downgraded to Underperform in a report by Bank of America Corporation today.

Bank of America Corporation has downgraded Axalta Coating Systems Ltd (NASDAQ:AXTA) to Underperform in a report released on 6/21/2017.

Just yesterday Axalta Coating Systems Ltd (NASDAQ:AXTA) traded 0.27% higher at $33.43. Axalta Coating Systems Ltd’s 50-day moving average is $29.32 and its 200-day moving average is $31.20. The last stock price is up -6.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,824,666 shares of AXTA traded hands, down from an average trading volume of 2,110,810

Recent Performance Chart

Axalta Coating Systems Ltd (NASDAQ:AXTA)

Axalta Coating Systems Ltd has 52 week low of $24.27 and a 52 week high of $34.10 with a PE ratio of 2,925.00 and has a market capitalization of $0.

In addition to Bank of America Corporation reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $33.08 with 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock 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 (NASDAQ: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. The Company's segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. The Performance Coatings segment serves various end markets, including refinish and industrial. The Company develops, markets and supplies a portfolio of coatings systems and color matching technologies. The Company also develops and supplies an array of coatings systems for a range of commercial applications, including heavy-duty truck (HDT), bus, rail and agricultural construction equipment (ACE).

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