BMO Capital analyst John McNulty maintains $Axalta Coating Systems (AXTA.US)$ with a buy rating, and adjusts the target price from $46 to $48.
According to TipRanks data, the analyst has a success rate of 53.7% and a total average return of 3.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Axalta Coating Systems (AXTA.US)$'s main analysts recently are as follows:
Despite a challenging macroeconomic environment, recent discussions with Axalta Coating's management indicate that the company is on track for an acceleration in top-line growth, an increase in margins, and enhanced free cash flow. This is expected to lead to a notably stronger balance sheet, which would support share repurchases and targeted bolt-on acquisitions.
Axalta Coating has faced challenges in charting a clear direction prior to the pandemic. However, shifts in management and swiftly executed self-improvement measures have infused commercial vigor and positively impacted the stock's performance. Despite the improved stock performance, it's noted that the valuation multiple has not increased in tandem with the stronger fundamentals and anticipated lower volatility ahead.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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