Axalta Coating Systems (NYSE:AXTA) Price Target Cut to $31.00 by Analysts at UBS Group

Axalta Coating Systems (NYSE:AXTA) had its target price dropped by equities research analysts at UBS Group from $36.00 to $31.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective suggests a potential upside of 15.26% from the stock’s current price.

AXTA has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. BMO Capital Markets reiterated a “market perform” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $37.00 target price on Axalta Coating Systems in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.13.

Axalta Coating Systems Stock Down 2.8%

Shares of NYSE:AXTA traded down $0.77 during mid-day trading on Thursday, reaching $26.90. 2,184,855 shares of the stock were exchanged, compared to its average volume of 3,285,899. The stock’s 50 day simple moving average is $31.34 and its 200-day simple moving average is $30.46. Axalta Coating Systems has a one year low of $24.94 and a one year high of $35.72. The company has a market cap of $5.74 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.22 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.

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

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently bought and sold shares of AXTA. Artisan Partners Limited Partnership lifted its holdings in shares of Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after acquiring an additional 11,301,977 shares during the period. Millennium Management LLC increased its stake in Axalta Coating Systems by 475.3% in 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 during the last quarter. Channing Capital Management LLC raised its position in 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 valued at $98,157,000 after purchasing an additional 2,644,783 shares in the last quarter. Empyrean Capital Partners LP bought a new stake in Axalta Coating Systems during the fourth quarter worth $66,236,000. Finally, Ilex Capital Partners UK LLP bought a new stake in Axalta Coating Systems during the second quarter worth $60,571,000. Institutional investors 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.