Axalta Coating Systems (NYSE:AXTA) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Axalta Coating Systems (NYSE:AXTA) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on AXTA. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Axalta Coating Systems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays lowered their price objective on shares of Axalta Coating Systems from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Axalta Coating Systems in a research report on Friday, October 9th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $38.55.

Axalta Coating Systems Trading Up 1.1%

Axalta Coating Systems stock opened at $33.99 on Friday. Axalta Coating Systems has a 52 week low of $24.94 and a 52 week high of $38.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market capitalization of $7.27 billion, a PE ratio of 21.93, a PEG ratio of 1.98 and a beta of 1.26. The business’s 50-day simple moving average is $34.00 and its 200-day simple moving average is $32.34.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, October 29th. The specialty chemicals company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.33 billion. Axalta Coating Systems had a net margin of 6.46% and a return on equity of 21.28%. Axalta Coating Systems’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Equities research analysts forecast that Axalta Coating Systems will post 2.45 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXTA. BlackRock Inc. bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at about $599,029,000. Lakewood Capital Management LP bought a new stake in Axalta Coating Systems in the second quarter valued at about $117,157,000. Parsifal Capital Management LP bought a new stake in Axalta Coating Systems in the second quarter valued at about $82,069,655. Finally, Bank of New York Mellon Corp bought a new stake in Axalta Coating Systems in the second quarter valued at about $43,205,000. 98.28% of the stock is currently owned by institutional investors.

Key Axalta Coating Systems News

Here are the key news stories impacting Axalta Coating Systems this week:

• Positive Sentiment: Barclays lowered its price target modestly from $45 to $44 but maintained an “overweight” rating, implying approximately 29.5% potential upside from the referenced price. Barclays lowers Axalta price target
• Positive Sentiment: Axalta guided to approximately $1.10 billion-$1.11 billion in 2026 adjusted EBITDA and forecast fourth-quarter adjusted EPS of about $0.55, giving investors visibility into its near-term profitability expectations. Axalta guidance for 2026 EBITDA and fourth-quarter EPS
• Neutral Sentiment: Management reported third-quarter revenue of approximately $1.31 billion, up 1.8% year over year, while net income was about $95 million. The results indicate continued top-line growth but limited earnings momentum. Axalta third-quarter earnings results
• Negative Sentiment: Third-quarter adjusted EPS was $0.63, below consensus estimates near $0.70-$0.71 and down from $0.67 a year earlier. Revenue also missed expectations of roughly $1.33 billion, increasing concerns about margins and demand. Axalta third-quarter earnings and revenue miss
• Positive Sentiment: Ariel Global Fund highlighted potential cost savings from Axalta’s proposed merger with Akzo Nobel, offering a possible longer-term catalyst if the transaction produces expected synergies. Ariel Global Fund discusses Axalta and Akzo Nobel merger

About Axalta Coating Systems

Axalta Coating Systems Ltd. (NYSE: AXTA) develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.

The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.