Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.75.

Several research analysts recently issued reports on the stock. BMO Capital Markets cut shares of Axalta Coating Systems from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $51.00 to $33.00 in a report on Wednesday, July 16th. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Citigroup raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $34.00 in a report on Monday, October 6th. Evercore ISI reissued an “in-line” rating and set a $32.00 price target (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. Finally, Mizuho lowered their price target on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd.

Axalta Coating Systems Trading Up 2.5%

Shares of Axalta Coating Systems stock opened at $28.46 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. The firm has a fifty day moving average price of $29.72 and a 200 day moving average price of $30.28. Axalta Coating Systems has a 1 year low of $26.28 and a 1 year high of $41.65. The stock has a market cap of $6.16 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insider Transactions at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total transaction of $99,205.64. Following the sale, the senior vice president directly owned 12,087 shares of the company’s stock, valued at approximately $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in AXTA. Fifth Third Bancorp raised its position in Axalta Coating Systems by 12.1% during the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 401 shares during the period. State of Alaska Department of Revenue lifted its holdings in Axalta Coating Systems by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 25,540 shares of the specialty chemicals company’s stock valued at $847,000 after purchasing an additional 675 shares in the last quarter. Blue Trust Inc. lifted its holdings in Axalta Coating Systems by 57.6% during the first quarter. Blue Trust Inc. now owns 6,796 shares of the specialty chemicals company’s stock valued at $225,000 after purchasing an additional 2,483 shares in the last quarter. Shelton Wealth Management LLC lifted its holdings in Axalta Coating Systems by 288.1% during the first quarter. Shelton Wealth Management LLC now owns 25,848 shares of the specialty chemicals company’s stock valued at $857,000 after purchasing an additional 19,188 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Axalta Coating Systems by 105.9% during the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.