Price Target Update on Axalta Coating Systems Ltd. (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTA) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $29. The average forecast of all the analysts is $32.33 and the expected standard deviation is $2.24.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Axalta Coating Systems Ltd. (NYSE:AXTA). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $32. The rating by the firm was issued on April 18, 2016.

Axalta Coating Systems Ltd. (NYSE:AXTA): stock turned positive on Thursday. Though the stock opened at $28.28, the bulls momentum made the stock top out at $28.69 level for the day. The stock recorded a low of $27.97 and closed the trading day at $28.02, in the green by 0.21%. The total traded volume for the day was 3,815,988. The stock had closed at $27.96 in the previous days trading.

The company shares have dropped -20.11% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $35.36 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.96 and the 200 Day Moving Average price is recorded at $26.92. On the companys insider trading activities,The officer (SVP & General Counsel) of Axalta Coating Systems Ltd., Finn Michael F. sold 1,315 shares at $27.95 on May 13, 2016. The Insider selling transaction had a total value worth of $36,754. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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