Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Barclays

Axalta Coating Systems (NYSE:AXTA) was upgraded by research analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other brokerages have also recently commented on AXTA. The Goldman Sachs Group restated a “buy” rating and set a $38.00 target price on shares of Axalta Coating Systems in a report on Friday, October 9th. Robert W. Baird boosted their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. KeyCorp reissued an “overweight” rating on shares of Axalta Coating Systems in a research report on Monday, October 5th. Finally, UBS Group reduced their price target on shares of Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $38.18.

Axalta Coating Systems Trading Down 1.1%

AXTA opened at $33.16 on Monday. Axalta Coating Systems has a 52 week low of $24.94 and a 52 week high of $38.61. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $34.63 and a 200-day simple moving average of $32.38. The firm has a market cap of $7.10 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.55 and a beta of 1.26.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. 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. On average, equities analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Several hedge funds have recently added to or reduced their stakes in AXTA. BlackRock Inc. purchased a new position in Axalta Coating Systems in the second quarter worth approximately $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Axalta Coating Systems during the 2nd quarter worth approximately $599,029,000. Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock worth $213,143,000 after acquiring an additional 754,098 shares in the last quarter. Lakewood Capital Management LP purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $117,157,000. Finally, Parsifal Capital Management LP purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $82,069,655. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.