Axalta Coating Systems (NYSE:AXTA) Stock Rating Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Axalta Coating Systems (NYSE:AXTA) from a strong-buy rating to a buy rating in a research note released on Sunday,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. UBS Group reiterated a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. KeyCorp assumed coverage on shares of Axalta Coating Systems in a report on Friday, September 11th. They issued an “overweight” rating and a $47.00 target price for the company. BMO Capital Markets restated a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. Mizuho lifted their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.25.

Axalta Coating Systems Stock Up 0.0%

NYSE AXTA opened at $32.22 on Friday. The business has a fifty day moving average price of $35.11 and a two-hundred day moving average price of $32.03. The stock has a market capitalization of $6.89 billion, a PE ratio of 19.89, a PEG ratio of 1.49 and a beta of 1.26. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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. Equities analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Axalta Coating Systems by 20.5% during the third quarter. Versant Capital Management Inc now owns 7,356 shares of the specialty chemicals company’s stock valued at $237,000 after purchasing an additional 1,249 shares in the last quarter. MAC Alpha Capital Management LP increased its stake in shares of Axalta Coating Systems by 45.9% in the second quarter. MAC Alpha Capital Management LP now owns 645,643 shares of the specialty chemicals company’s stock valued at $22,096,000 after buying an additional 203,243 shares during the period. Maven Securities LTD acquired a new position in shares of Axalta Coating Systems in the second quarter valued at approximately $1,199,000. Formuepleje A S raised its holdings in Axalta Coating Systems by 25.9% in the 2nd quarter. Formuepleje A S now owns 60,584 shares of the specialty chemicals company’s stock valued at $2,073,000 after buying an additional 12,461 shares during the last quarter. Finally, Amundi raised its holdings in Axalta Coating Systems by 32.0% in the 2nd quarter. Amundi now owns 841,326 shares of the specialty chemicals company’s stock valued at $28,790,000 after buying an additional 203,829 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

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.