Axalta Coating Systems (NYSE:AXTA) Shares Gap Up – Here’s What Happened

Axalta Coating Systems Ltd. (NYSE:AXTA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $28.18, but opened at $29.22. Axalta Coating Systems shares last traded at $28.69, with a volume of 3,531,779 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on AXTA. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Bank of America reduced their price objective on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Mizuho dropped their target price on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $36.06.

Axalta Coating Systems Stock Up 3.2%

The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59. The stock has a market capitalization of $6.12 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The stock has a fifty day moving average price of $28.68 and a 200 day moving average price of $29.88.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in Axalta Coating Systems during the first quarter valued at $511,000. Cetera Investment Advisers raised its holdings in shares of Axalta Coating Systems by 57.6% in the 1st quarter. Cetera Investment Advisers now owns 24,233 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 8,861 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Axalta Coating Systems by 13.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,721 shares of the specialty chemicals company’s stock valued at $2,047,000 after acquiring an additional 7,273 shares during the last quarter. Baldwin Investment Management LLC boosted its position in shares of Axalta Coating Systems by 76.8% during the 1st quarter. Baldwin Investment Management LLC now owns 36,301 shares of the specialty chemicals company’s stock valued at $1,204,000 after acquiring an additional 15,770 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Axalta Coating Systems by 12.3% during the first quarter. Federated Hermes Inc. now owns 1,139,236 shares of the specialty chemicals company’s stock worth $37,788,000 after purchasing an additional 125,070 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

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.