Axalta Coating Systems (NYSE:AXTA) Sees Strong Trading Volume – What’s Next?

Axalta Coating Systems Ltd. (NYSE:AXTA) shares saw strong trading volume on Wednesday . 3,496,950 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 2,834,414 shares.The stock last traded at $30.9470 and had previously closed at $30.01.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AXTA shares. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research report on Friday, May 1st. UBS Group lifted their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $30.00 in a report on Friday, April 10th. Citigroup lowered their price target on Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Robert W. Baird set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.15.

Axalta Coating Systems Trading Up 1.4%

The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.53 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average of $28.10 and a 200-day moving average of $30.45.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its position in shares of Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter worth about $30,000. Summit Securities Group LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter worth about $32,000. Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Axalta Coating Systems in the first quarter worth about $30,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.