Axalta Coating Systems (NYSE:AXTA) Cut to “Buy” at 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 report issued on Sunday,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. KeyCorp started coverage on Axalta Coating Systems in a report on Friday, September 11th. They set an “overweight” rating and a $47.00 price objective on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Axalta Coating Systems in a research report on Monday, September 21st. Royal Bank Of Canada increased their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird boosted 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. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $37.58.

Axalta Coating Systems Stock Up 2.4%

AXTA stock opened at $33.46 on Friday. The firm has a market cap of $7.16 billion, a PE ratio of 20.66, a PEG ratio of 1.51 and a beta of 1.26. Axalta Coating Systems has a 1 year low of $24.94 and a 1 year high of $38.61. The company has a fifty day simple moving average of $35.04 and a 200 day simple moving average of $32.11. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. 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. Sell-side analysts anticipate that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently made changes to their positions in the business. Cedar Mountain Advisors LLC bought a new position in Axalta Coating Systems in the 1st quarter worth approximately $30,000. Mint Tower Capital Management B.V. bought a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $31,000. Root Financial Partners LLC boosted its position in shares of Axalta Coating Systems by 297.5% in the first quarter. Root Financial Partners LLC now owns 2,202 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 1,648 shares during the period. Allworth Financial LP acquired a new stake in shares of Axalta Coating Systems in the second quarter worth $77,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Axalta Coating Systems by 543.4% in the first quarter. SJS Investment Consulting Inc. now owns 2,818 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 2,380 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.