Axalta Coating Systems (NYSE:AXTA) Now Covered by Analysts at Citigroup

Stock analysts at Citigroup began coverage on shares of Axalta Coating Systems (NYSE:AXTA) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $44.00 price target on the specialty chemicals company’s stock. Citigroup’s target price suggests a potential upside of 35.22% from the stock’s previous close.

AXTA has been the topic of several other research reports. Robert W. Baird set a $37.00 target price on Axalta Coating Systems in a report on Wednesday, February 11th. Royal Bank Of Canada reduced their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. UBS Group increased their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.31.

Axalta Coating Systems Stock Performance

Shares of AXTA stock traded up $1.36 during trading hours on Thursday, hitting $32.54. The stock had a trading volume of 369,242 shares, compared to its average volume of 2,948,906. The stock’s 50 day moving average is $28.54 and its 200 day moving average is $30.52. The firm has a market capitalization of $6.96 billion, a PE ratio of 19.01, a PEG ratio of 1.59 and a beta of 1.25. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $35.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. As a group, research analysts forecast that Axalta Coating Systems will post 2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Several large investors have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Axalta Coating Systems during the 4th quarter worth about $30,000. Summit Securities Group LLC acquired a new stake in Axalta Coating Systems during the 4th quarter worth about $32,000. Los Angeles Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter valued at about $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Axalta Coating Systems in the first quarter worth about $30,000. 98.28% of the stock is owned by institutional investors.

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.