Mizuho Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $32.00

Axalta Coating Systems (NYSE:AXTA) had its price objective cut by Mizuho from $39.00 to $32.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

AXTA has been the subject of a number of other research reports. Citigroup boosted their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. The Goldman Sachs Group raised their price objective on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.13.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $27.68 on Monday. The stock’s 50-day simple moving average is $31.96 and its two-hundred day simple moving average is $30.61. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $35.72. The firm has a market capitalization of $5.91 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.18 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. As a group, equities analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Axalta Coating Systems by 11.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock valued at $564,035,000 after purchasing an additional 1,815,715 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after buying an additional 11,301,977 shares during the period. Millennium Management LLC boosted its position in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Axalta Coating Systems by 36.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock valued at $224,282,000 after buying an additional 1,845,353 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after buying an additional 1,506,083 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.