Axalta Coating Systems (NYSE:AXTA) Sets New 1-Year High – What’s Next?

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Citigroup initiated coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Wall Street Zen lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday. Mizuho upped their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, BMO Capital Markets increased their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.00.

Axalta Coating Systems Stock Performance

The stock’s 50-day moving average is $33.77 and its 200 day moving average is $31.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market cap of $8.03 billion, a P/E ratio of 23.16, a PEG ratio of 1.89 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s 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. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG grew its stake in Axalta Coating Systems by 207.4% in the fourth 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 raised its stake in shares of 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 lifted its stake 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 acquiring an additional 11,301,977 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Axalta Coating Systems by 64.9% in the 4th 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 acquiring an additional 55,350 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Axalta Coating Systems by 49.8% during the 4th quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company’s stock worth $31,528,000 after purchasing an additional 324,384 shares during the last quarter. Institutional investors and hedge funds 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.