Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Wall Street Zen

Axalta Coating Systems (NYSE:AXTA) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other analysts have also commented on the company. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a report on Friday, May 1st. BMO Capital Markets raised 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 note on Wednesday, July 29th. Finally, 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 report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $36.31 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $33.17 and a two-hundred day moving average price of $31.33. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $36.82. The company has a market capitalization of $7.77 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results 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. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Axalta Coating Systems by 207.4% in the 4th quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock valued at $93,780,000 after purchasing an additional 1,958,395 shares in the last quarter. Arnhold LLC increased its position in Axalta Coating Systems by 111.8% during the 4th quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company’s stock worth $16,178,000 after purchasing an additional 264,281 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after buying an additional 11,301,977 shares during the period. Verition Fund Management LLC raised its holdings in Axalta Coating Systems by 49.8% in the fourth quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company’s stock valued at $31,528,000 after buying an additional 324,384 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Axalta Coating Systems by 64.9% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock valued at $4,543,000 after buying an additional 55,350 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.