RBC Capital Keeps Their Buy Rating on Axalta Coating Systems (AXTA)

By Austin Angelo

RBC Capital analyst Arun Viswanathan maintained a Buy rating on Axalta Coating Systems (AXTAResearch Report) today and set a price target of $20.00. The company’s shares closed last Monday at $17.90.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 1.9% and a 50.5% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Berry Global Group, and Graphic Packaging.

Currently, the analyst consensus on Axalta Coating Systems is a Moderate Buy with an average price target of $25.75, implying a 52.1% upside from current levels. In a report released today, KeyBanc also initiated coverage with a Buy rating on the stock with a $23.00 price target.

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Axalta Coating Systems’ market cap is currently $3.89B and has a P/E ratio of 13.90. The company has a Price to Book ratio of -3.21.

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Axalta Coating Systems Ltd. engages in the manufacture, marketing, and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded on 1866 and is headquartered in Philadelphia, PA.