Axalta Coating Systems (NYSE:AXTA) Hits New 12-Month High – Here’s Why

Axalta Coating Systems Ltd. (NYSE:AXTA) hit a new 52-week high on Monday . The company traded as high as $38.61 and last traded at $37.8550, with a volume of 1107476 shares. The stock had previously closed at $38.19.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Mizuho upped their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Robert W. Baird raised their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Down 0.5%

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 stock has a 50-day simple moving average of $34.05 and a two-hundred day simple moving average of $31.51. The firm has a market cap of $7.97 billion, a PE ratio of 22.99, a P/E/G ratio of 1.85 and a beta of 1.24.

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, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior 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. Analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Axalta Coating Systems by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after acquiring an additional 51,130 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Axalta Coating Systems by 29.0% during the 1st quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after purchasing an additional 35,092 shares during the last quarter. Invesco Ltd. raised its position in Axalta Coating Systems by 8.5% in the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after purchasing an additional 31,759 shares during the period. EverSource Wealth Advisors LLC raised its position in Axalta Coating Systems by 371.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 2,758 shares during the period. Finally, First Trust Advisors LP lifted its stake in Axalta Coating Systems by 22.0% in the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock worth $9,445,000 after purchasing an additional 57,440 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

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.