Axalta Coating Systems Ltd. (AXTA) : Analyst Rating Update

Axalta Coating Systems Ltd. (AXTA) : The consensus on Axalta Coating Systems Ltd. (AXTA) based on 10 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Axalta Coating Systems Ltd. (AXTA) : Average target price received by Axalta Coating Systems Ltd. (AXTA) is $32.67 with an expected standard deviation of $2.4. The most aggressive target on the stock is $35, whereas the most downbeat target is $29. 9 financial analysts are currently covering the stock.

Axalta Coating Systems Ltd. (NYSE:AXTA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.03 and $25.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.19, notching a gain of 0.54% for the day. The total traded volume was 2,096,016 . The stock had closed at $26.05 on the previous day.

Also, Credit Suisse reinstates their rating on the shares of Axalta Coating Systems Ltd. (NYSE:AXTA). The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $32 per share. The rating by the firm was issued on June 27, 2016. The company shares have dropped -19.02% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $33.50 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.48 and the 200 Day Moving Average price is recorded at $26.88.

Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: 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 advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets, including the refinish automotive aftermarket, industrial, light vehicle or automotive original equipment manufacturers (OEM) market, and commercial vehicle market. The Companys products include liquid and powder coatings for motor vehicles OEMs, the motor vehicle aftermarket, and general industrial applications, such as coatings for heavy equipment, pipes, appliances and electrical insulation.

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