Axalta Coating Systems (NYSE:AXTA) Shares Gap Up – Should You Buy?

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) gapped up prior to trading on Tuesday . The stock had previously closed at $28.18, but opened at $29.22. Axalta Coating Systems shares last traded at $28.69, with a volume of 3,531,779 shares.

Wall Street Analyst Weigh In

AXTA has been the topic of several research analyst reports. UBS Group lowered their price objective on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Royal Bank Of Canada upped their price target on Axalta Coating Systems from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.38.

Axalta Coating Systems Price Performance

The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The firm has a fifty day simple moving average of $28.81 and a two-hundred day simple moving average of $29.93. The firm has a market cap of $6.11 billion, a PE ratio of 13.65, a PEG ratio of 1.14 and a beta of 1.31.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.59 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of institutional investors and hedge funds have recently made changes to their positions in AXTA. Woodline Partners LP lifted its holdings in shares of Axalta Coating Systems by 100.1% in the 3rd quarter. Woodline Partners LP now owns 842,430 shares of the specialty chemicals company’s stock valued at $24,110,000 after acquiring an additional 421,485 shares during the last quarter. Dark Forest Capital Management LP increased its stake in Axalta Coating Systems by 285.1% during the third quarter. Dark Forest Capital Management LP now owns 180,533 shares of the specialty chemicals company’s stock worth $5,167,000 after acquiring an additional 133,657 shares during the last quarter. XTX Topco Ltd purchased a new stake in Axalta Coating Systems during the third quarter valued at approximately $1,417,000. Voloridge Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 18.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 560,087 shares of the specialty chemicals company’s stock valued at $16,030,000 after purchasing an additional 87,253 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Axalta Coating Systems by 131.7% in the 3rd quarter. Verition Fund Management LLC now owns 651,400 shares of the specialty chemicals company’s stock valued at $18,643,000 after purchasing an additional 370,288 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.