Axalta Coating Systems (NYSE:AXTA) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Axalta Coating Systems (NYSE:AXTA) from a strong-buy rating to a buy rating in a research note published on Monday morning.

AXTA has been the subject of several other reports. Mizuho boosted their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research report on Friday, May 1st. Citigroup initiated coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Trading Down 1.9%

AXTA stock opened at $37.46 on Monday. The company has a market cap of $8.02 billion, a P/E ratio of 23.12, a PEG ratio of 1.89 and a beta of 1.24. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month 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 moving average of $33.91 and a 200-day moving average of $31.48.

Axalta Coating Systems (NYSE:AXTA) last issued 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. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. 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 research analysts expect that Axalta Coating Systems will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at about $668,541,000. Artisan Partners Limited Partnership boosted its position in shares of Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after buying an additional 11,301,977 shares during the period. Channing Capital Management LLC boosted its position in shares of Axalta Coating Systems by 672.6% during the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after buying an additional 2,644,783 shares during the period. Empyrean Capital Partners LP bought a new position in shares of Axalta Coating Systems during the fourth quarter worth about $66,236,000. Finally, UBS Group AG raised its position in 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 buying an additional 1,958,395 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.