BMO Capital analyst John McNulty maintained a Hold rating on Axalta Coating Systems (NYSE: AXTA) today and set a price target of $28. The company’s shares opened today at $24.47, close to its 52-week low of $23.65.
According to TipRanks.com, McNulty is a 3-star analyst with an average return of 2.0% and a 52.6% success rate. McNulty covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical Corp, and Venator Materials Plc.
Axalta Coating Systems has an analyst consensus of Moderate Buy, with a price target consensus of $31, a 26.7% upside from current levels. In a report issued on October 11, Citigroup also maintained a Hold rating on the stock with a $28 price target.
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Axalta Coating Systems’ market cap is currently $5.98B and has a P/E ratio of 45.2. The company has a Price to Book ratio of 4.59.
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Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.
