Axalta Coating Systems (NYSE:AXTA) Price Target Raised to $37.00

Axalta Coating Systems (NYSE:AXTA) had its price target boosted by Robert W. Baird from $35.00 to $37.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

A number of other equities analysts have also issued reports on the company. Royal Bank Of Canada upped their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Mizuho lifted their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $39.00 to $30.00 in a report on Friday, April 10th. Citigroup began coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Stock Down 0.4%

Shares of NYSE AXTA opened at $35.90 on Wednesday. Axalta Coating Systems has a 1 year low of $24.94 and a 1 year high of $36.62. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s 50-day simple moving average is $33.02 and its 200-day simple moving average is $31.32.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities analysts anticipate that Axalta Coating Systems will post 2.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Axalta Coating Systems by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after purchasing an additional 51,130 shares during the last quarter. Jane Street Group LLC increased its stake in Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after purchasing an additional 35,092 shares during the last quarter. Invesco Ltd. increased its stake in Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after purchasing an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 2,758 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Axalta Coating Systems by 22.0% during the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock worth $9,445,000 after purchasing an additional 57,440 shares during the period. Institutional investors and hedge funds 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.