Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Average Recommendation of “Hold” from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have received an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $34.3077.

AXTA has been the subject of a number of analyst reports. Mizuho cut their price target on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $30.00 in a research report on Friday, April 10th. UBS Group lifted their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup assumed coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Royal Bank Of Canada decreased their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AXTA. Artisan Partners Limited Partnership lifted its stake in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. Millennium Management LLC increased its position in shares of 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 worth $224,327,000 after acquiring an additional 6,475,786 shares during the period. Channing Capital Management LLC grew its holdings in Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after purchasing an additional 2,644,783 shares during the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth $66,236,000. Finally, UBS Group AG raised its position in shares of Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after acquiring an additional 1,958,395 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 0.2%

Shares of NYSE:AXTA opened at $34.85 on Monday. The business’s 50 day simple moving average is $29.98 and its two-hundred day simple moving average is $30.85. The firm has a market cap of $7.46 billion, a P/E ratio of 20.38, a PEG ratio of 1.82 and a beta of 1.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. 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 announced its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. 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. As a group, research analysts forecast that Axalta Coating Systems will post 2.58 EPS for the current fiscal year.

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.