Evercore ISI Group Initiates Coverage On Axalta Coating Systems Ltd to Buy with Price Target $34

Evercore ISI Group Initiates Coverage On Axalta Coating Systems Ltd(AXTA). In a research note issued to the investors, the brokerage major Announces the price-target to $34 per share. The shares have been rated Buy. The rating by the stock financial advisor at Evercore ISI Group was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 9, 2017, Gabelli & Co. said it Downgrades its rating on Axalta Coating Systems Ltd. The shares have been rated ‘Hold’ by the firm.

Axalta Coating Systems Ltd (AXTA) shares turned negative on Wednesdays trading session with the shares closing down -0.24 points or -0.80% at a volume of 9,50,486. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.77. The peak price level was also seen at $29.77 while the days lowest was $29.55. Finally the shares closed at $29.59. The 52-week high of the shares is $30.45 while the 52-week low is $24.27. According to the latest information available, the market cap of the company is $7,115 M.

Axalta Coating Systems Ltd(AXTA) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.035B. Analysts had an estimated revenue of $1.020B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2017, Joseph F. Mcdougall (SVP&Chief Human Resources Off.) sold 1,440 shares at $29.48 per share price.Also, On Feb 3, 2017, Steven R. Markevich (EVP & Pres., Trans. Coatings) sold 1,691 shares at $29.49 per share price.On Feb 3, 2017, Michael F. Finn (SVP & General Counsel) sold 981 shares at $29.51 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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