Axalta Coating Systems (NYSE:AXTA) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks reports.

Several other equities analysts also recently weighed in on the stock. Robert W. Baird raised their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Mizuho upped their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. UBS Group cut their price objective on shares of Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Wall Street Zen lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $38.00 target price on shares of Axalta Coating Systems in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.18.

Axalta Coating Systems Stock Down 1.1%

Shares of AXTA opened at $33.16 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. Axalta Coating Systems has a one year low of $24.94 and a one year high of $38.61. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.55 and a beta of 1.26. The stock has a 50 day moving average price of $34.63 and a 200 day moving average price of $32.38.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. Equities research analysts forecast that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $1,749,000. MAC Alpha Capital Management LP grew its position in shares of Axalta Coating Systems by 45.9% during the second quarter. MAC Alpha Capital Management LP now owns 645,643 shares of the specialty chemicals company’s stock worth $22,096,000 after acquiring an additional 203,243 shares during the last quarter. Amundi increased its holdings in shares of Axalta Coating Systems by 32.0% in the 2nd quarter. Amundi now owns 841,326 shares of the specialty chemicals company’s stock valued at $28,790,000 after acquiring an additional 203,829 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Axalta Coating Systems by 64.9% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock valued at $4,543,000 after acquiring an additional 55,350 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at $19,763,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.