Citigroup Has Lowered Expectations for Axalta Coating Systems (NYSE:AXTA) Stock Price

Axalta Coating Systems (NYSE:AXTA) had its target price decreased by investment analysts at Citigroup from $45.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective would suggest a potential upside of 56.75% from the stock’s current price.

AXTA has been the topic of several other research reports. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Robert W. Baird set a $37.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, Vertical Research downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems has an average rating of “Hold” and a consensus target price of $36.13.

Axalta Coating Systems Stock Down 3.1%

NYSE:AXTA opened at $26.80 on Wednesday. The stock’s fifty day moving average price is $31.19 and its two-hundred day moving average price is $30.43. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.21 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its stake in Axalta Coating Systems by 277.3% in the third quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock valued at $2,956,000 after acquiring an additional 75,915 shares during the period. Lakewood Capital Management LP boosted its holdings in shares of Axalta Coating Systems by 34.2% in the third quarter. Lakewood Capital Management LP now owns 1,187,648 shares of the specialty chemicals company’s stock valued at $33,990,000 after buying an additional 302,751 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Axalta Coating Systems by 189.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,273,955 shares of the specialty chemicals company’s stock worth $36,461,000 after acquiring an additional 834,481 shares in the last quarter. CWM LLC increased its position in shares of Axalta Coating Systems by 211.8% during the third quarter. CWM LLC now owns 141,253 shares of the specialty chemicals company’s stock worth $4,043,000 after acquiring an additional 95,950 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Axalta Coating Systems by 23.9% during the third quarter. Wedge Capital Management L L P NC now owns 166,639 shares of the specialty chemicals company’s stock worth $4,769,000 after acquiring an additional 32,196 shares during the period. 98.28% of the stock is 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.