Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Average Rating of “Hold” from Brokerages

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.3077.

A number of equities research analysts have issued reports on AXTA shares. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Royal Bank Of Canada decreased their target price on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Finally, Mizuho cut their price target on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd.

Hedge Funds Weigh In On Axalta Coating Systems

Several large investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Axalta Coating Systems during the fourth quarter valued at about $30,000. Cedar Mountain Advisors LLC acquired a new position in shares of Axalta Coating Systems during the first quarter valued at about $30,000. Summit Securities Group LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $35,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 0.5%

AXTA opened at $34.54 on Monday. The business has a 50 day moving average price of $30.57 and a 200 day moving average price of $31.00. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $35.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. The firm has a market cap of $7.39 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. 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. Research analysts forecast that Axalta Coating Systems will post 2.58 EPS for the current year.

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.