Wall Street Zen Upgrades Axalta Coating Systems (NYSE:AXTA) to “Buy”

Axalta Coating Systems (NYSE:AXTA) was upgraded by investment analysts at Wall Street Zen to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued research reports about the stock. Mizuho boosted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. UBS Group increased their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.67.

Axalta Coating Systems Stock Up 3.4%

Shares of NYSE:AXTA opened at $32.76 on Friday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a 50 day moving average of $32.35 and a two-hundred day moving average of $31.23. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, analysts forecast that Axalta Coating Systems will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several institutional investors and hedge funds have recently bought and sold shares of AXTA. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Axalta Coating Systems by 11.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock worth $564,035,000 after acquiring an additional 1,815,715 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake 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 worth $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Axalta Coating Systems by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock worth $213,143,000 after purchasing an additional 754,098 shares during the period. AQR Capital Management LLC increased its stake 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 purchasing an additional 1,506,083 shares during the last quarter. Finally, Channing Capital Management LLC raised its holdings in shares of Axalta Coating Systems by 672.6% during 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 period. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.