Axalta Coating Systems’ (AXTA) “In-Line” Rating Reiterated at Evercore ISI

Evercore ISI restated their in-line rating on shares of Axalta Coating Systems (NYSE:AXTA) in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has a $32.00 price target on the specialty chemicals company’s stock, down from their previous price target of $47.00.

A number of other research firms have also recently commented on AXTA. BMO Capital Markets cut Axalta Coating Systems from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $51.00 to $33.00 in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research note on Friday, July 18th. Citigroup reissued a “neutral” rating and set a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Wells Fargo & Company cut their price target on Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Finally, Mizuho reduced their price objective on shares of Axalta Coating Systems from $39.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.50.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $28.24 on Thursday. The stock has a market capitalization of $6.12 billion, a PE ratio of 13.84, a P/E/G ratio of 1.64 and a beta of 1.25. Axalta Coating Systems has a 1-year low of $27.37 and a 1-year high of $41.65. The firm has a fifty day simple moving average of $29.94 and a 200 day simple moving average of $30.73. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. On average, research analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the completion of the sale, the senior vice president directly owned 12,087 shares in the company, valued at approximately $375,422.22. The trade was a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXTA. JPMorgan Chase & Co. grew its holdings in shares of Axalta Coating Systems by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company’s stock worth $386,000,000 after purchasing an additional 356,143 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Axalta Coating Systems by 29.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company’s stock worth $240,494,000 after purchasing an additional 1,663,261 shares during the period. Wellington Management Group LLP grew its stake in Axalta Coating Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company’s stock worth $223,248,000 after buying an additional 132,234 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Axalta Coating Systems by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company’s stock worth $137,344,000 after buying an additional 266,907 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC increased its holdings in Axalta Coating Systems by 15.4% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock valued at $129,810,000 after buying an additional 520,844 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.