Brokerage Firm Rating Update on Axalta Coating Systems Ltd. (AXTA)

Axalta Coating Systems Ltd. (AXTA) has an average broker rating of 1.56, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Axalta Coating Systems Ltd. (AXTA) : 9 Wall Street analysts covering Axalta Coating Systems Ltd. (AXTA) believe that the average level the stock could reach for the short term is $33.78. The maximum price target given is $37 and the minimum target for short term is around $29, hence the standard deviation is calculated at $2.49.


For the current week, the company shares have a recommendation consensus of Buy. Also, Gabelli & Co. initiates coverage on Axalta Coating Systems Ltd. (NYSE:AXTA). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on September 1, 2016.

Axalta Coating Systems Ltd. (NYSE:AXTA): The stock opened at $28.77 and touched an intraday high of $29.03 on Wednesday. During the day, the stock corrected to an intraday low of $28.65, however, the bulls stepped in and pushed the price higher to close in the green at $28.94 with a gain of 0.17% for the day. The total traded volume for the day was 946,441. The stock had closed at $28.89 in the previous trading session.

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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