Seaport Global analyst Michael Harrison CFA maintains $Axalta Coating Systems (AXTA.US)$ with a buy rating, and adjusts the target price from $44 to $50.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 6.6% 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:
The company has reported a beat-and-raise for Q3, demonstrating above-industry earnings growth, which continues to reinforce the bullish perspective of a 'New Axalta'.
Axalta Coating experienced earnings growth subsequent to their third-quarter earnings surpassing expectations. This growth occurred despite a slight decline in revenue within the Commercial Vehicle and Industrial sectors. The company's Refinish business has been performing better than the market, achieving organic growth through new business acquisitions, strategic pricing, and the integration of CoverFlexx.
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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