Fintel reports that on October 4, 2023, Citigroup maintained coverage of Axalta Coating Systems (NYSE:AXTA) with a Buy recommendation.
Analyst Price Forecast Suggests 28.78% Upside
As of August 31, 2023, the average one-year price target for Axalta Coating Systems is 34.81. The forecasts range from a low of 29.29 to a high of $39.90. The average price target represents an increase of 28.78% from its latest reported closing price of 27.03.
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The projected annual revenue for Axalta Coating Systems is 5,080MM, an increase of 0.53%. The projected annual non-GAAP EPS is 1.80.
What is the Fund Sentiment?
There are 815 funds or institutions reporting positions in Axalta Coating Systems. This is an increase of 7 owner(s) or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to AXTA is 0.32%, a decrease of 11.02%. Total shares owned by institutions decreased in the last three months by 7.42% to 272,064K shares. 
The put/call ratio of AXTA is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
Barrow Hanley Mewhinney & Strauss holds 15,656K shares representing 7.06% ownership of the company. In it's prior filing, the firm reported owning 16,650K shares, representing a decrease of 6.35%. The firm increased its portfolio allocation in AXTA by 14.13% over the last quarter.
Massachusetts Financial Services holds 12,644K shares representing 5.70% ownership of the company. In it's prior filing, the firm reported owning 14,778K shares, representing a decrease of 16.88%. The firm decreased its portfolio allocation in AXTA by 10.74% over the last quarter.
Jpmorgan Chase holds 12,055K shares representing 5.44% ownership of the company. In it's prior filing, the firm reported owning 12,499K shares, representing a decrease of 3.68%. The firm increased its portfolio allocation in AXTA by 642.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,890K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 6,835K shares, representing an increase of 0.80%. The firm increased its portfolio allocation in AXTA by 0.74% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,720K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 6,806K shares, representing a decrease of 1.27%. The firm increased its portfolio allocation in AXTA by 2.45% over the last quarter.
Axalta Coating Systems Background Information
(This description is provided by the company.)
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, its coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve its more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology.
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