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

Axalta Coating Systems Ltd. (NYSE:AXTA) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $34.3077.

AXTA has been the topic of several recent research reports. Royal Bank Of Canada cut their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $30.00 in a research report on Friday, April 10th. Mizuho cut their price objective on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, Citigroup began coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company.

Hedge Funds Weigh In On Axalta Coating Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in shares of 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 worth $2,956,000 after acquiring an additional 75,915 shares in the last quarter. Lakewood Capital Management LP increased its position 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 worth $33,990,000 after acquiring an additional 302,751 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Axalta Coating Systems by 71.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock worth $3,491,000 after acquiring an additional 44,343 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Axalta Coating Systems by 189.9% in 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. Finally, Millennium Management LLC increased its position in shares of 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 worth $224,327,000 after acquiring an additional 6,475,786 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 0.1%

AXTA stock opened at $34.54 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $30.57 and its 200 day moving average price is $31.02. Axalta Coating Systems has a 52 week low of $24.94 and a 52 week high of $35.72. The company has a market cap of $7.39 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.81 and a beta of 1.25.

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