Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Wall Street Zen

Axalta Coating Systems (NYSE:AXTA) was upgraded by analysts at Wall Street Zen to a “buy” rating in a research report issued on Saturday.

A number of other brokerages also recently weighed in on AXTA. UBS Group raised their target price on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target for the company. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. Mizuho lifted their target price on 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, Royal Bank Of Canada boosted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.67.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $32.76 on Friday. The stock has a fifty day moving average price of $32.35 and a 200-day moving average price of $31.22. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. 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, equities analysts anticipate that Axalta Coating Systems will post 2.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds have recently added to or reduced their stakes in AXTA. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Axalta Coating Systems by 11.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock valued at $564,035,000 after purchasing an additional 1,815,715 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after buying an additional 11,301,977 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Axalta Coating Systems by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock valued at $213,143,000 after buying an additional 754,098 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Axalta Coating Systems by 64.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after buying an additional 1,506,083 shares during the last quarter. Finally, Channing Capital Management LLC increased its stake in shares of Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after buying an additional 2,644,783 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.