Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Rating of “Hold” by Analysts

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $34.1538.

A number of analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Royal Bank Of Canada reduced their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. UBS Group increased their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th.

Axalta Coating Systems Price Performance

NYSE AXTA opened at $30.35 on Thursday. The company has a 50 day simple moving average of $28.15 and a 200-day simple moving average of $30.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. 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. Equities research analysts predict that Axalta Coating Systems will post 2.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC raised its position in Axalta Coating Systems by 11.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock valued at $564,035,000 after acquiring an additional 1,815,715 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after acquiring an additional 11,301,977 shares in the last quarter. Millennium Management LLC raised its position in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after acquiring an additional 6,475,786 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Axalta Coating Systems by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock valued at $213,143,000 after acquiring an additional 754,098 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after acquiring an additional 1,506,083 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

About Axalta Coating Systems

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.