Axalta Coating Systems (NYSE:AXTA) Cut to “Hold” at Baird R W

Baird R W cut shares of Axalta Coating Systems (NYSE:AXTA) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

AXTA has been the topic of several other reports. UBS Group cut their price target on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note 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. Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Citigroup increased their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.12.

Axalta Coating Systems Trading Up 1.7%

Shares of NYSE:AXTA opened at $33.00 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. Axalta Coating Systems has a 52-week low of $26.28 and a 52-week high of $38.37. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.31 and a beta of 1.29. The business has a 50-day moving average price of $30.43 and a 200-day moving average price of $29.90.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Axalta Coating Systems’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 and its FY 2025 guidance at 2.500-2.500 EPS. Equities analysts predict that Axalta Coating Systems will post 2.55 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of institutional investors have recently made changes to their positions in AXTA. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Axalta Coating Systems by 12.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock worth $447,653,000 after acquiring an additional 1,773,038 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Axalta Coating Systems by 475.3% in the 3rd quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock worth $224,327,000 after purchasing an additional 6,475,786 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems by 18.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company’s stock valued at $145,829,000 after acquiring an additional 778,222 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Axalta Coating Systems by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock valued at $114,301,000 after purchasing an additional 11,749 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Axalta Coating Systems by 64.9% in the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock worth $107,739,000 after buying an additional 1,506,083 shares during the period. 98.28% of the stock is currently owned by institutional investors.

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.