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

In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on Axalta Coating Systems (AXTA – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $34.83.

According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.2% and a 58.91% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, FMC, and PPG Industries.

Axalta Coating Systems has an analyst consensus of Strong Buy, with a price target consensus of $40.08, which is a 15.07% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $40.00 price target.

The company has a one-year high of $34.95 and a one-year low of $25.03. Currently, Axalta Coating Systems has an average volume of 2.23M.

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Axalta Coating Systems (AXTA) Company Description:

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.