Instinet downgraded Axalta Coating Systems (NYSE:AXTA) from Buy to Neutral in a report released today.
- Updated: April 21, 2017
Instinet has downgraded Axalta Coating Systems (NYSE:AXTA) from Buy to Neutral in a statement released on 4/21/2017.
On Monday April 17, 2017, Citigroup reported on Axalta Coating Systems (NYSE:AXTA) increased the target price from $64.00 to $65.00. At the time, this indicated a possible upside of 1.08%.
Yesterday Axalta Coating Systems (NYSE:AXTA) traded 2.23% higher at $31.68. Axalta Coating Systems’s 50-day average is $31.22 and its two hundred day average is $28.33. The last stock close price is up 11.84% from the 200-day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Trading volume was down over the average, with 1,702,578 shares of AXTA changing hands under the typical 1,771,690
Recent Performance Chart
Axalta Coating Systems has PE ratio of 186.35 with a one year low of $24.27 and a one year high of $33.06 and has a total market value of $0.
A total of 13 firms have issued a report on the stock. Three brokerages rating the company a strong buy, six equity analysts rating the company a buy, five equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $33.08.
Brief Synopsis 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. 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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