Axalta Coating Systems (NYSE:AXTA) Rating Increased to Strong-Buy at KeyCorp

KeyCorp upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a research note published on Thursday,Zacks reports. KeyCorp also issued estimates for Axalta Coating Systems’ Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.67 EPS, FY2027 earnings at $3.00 EPS and FY2028 earnings at $3.20 EPS.

AXTA has been the subject of a number of other reports. Robert W. Baird upped their price objective 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. Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Mizuho increased their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Trading Down 1.3%

Shares of NYSE AXTA opened at $34.00 on Thursday. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $38.61. The firm has a market cap of $7.28 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24. The business has a fifty day simple moving average of $35.15 and a two-hundred day simple moving average of $31.83. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business 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 business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Analysts expect that Axalta Coating Systems will post 2.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of large investors have recently added to or reduced their stakes in AXTA. Covestor Ltd boosted its holdings in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of Axalta Coating Systems during the 1st quarter worth approximately $30,000. Mint Tower Capital Management B.V. purchased a new stake in Axalta Coating Systems during the second quarter valued at approximately $31,000. Summit Securities Group LLC purchased a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $32,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $35,000. 98.28% of the stock is currently owned by institutional investors.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells protective, decorative and functional coatings. Its products are used by automotive manufacturers, vehicle repair and refinish businesses, industrial equipment producers, commercial transportation companies and other customers seeking to protect surfaces from corrosion, weathering and wear.

The company’s offerings include liquid and powder coatings, primers, clearcoats, electrocoat systems, sealants and other coating technologies.