UBS Group Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $31.00
by Doug Wharley · The Cerbat GemAxalta Coating Systems (NYSE:AXTA – Free Report) had its target price decreased by UBS Group from $36.00 to $31.00 in a research report sent to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.
Several other equities analysts have also commented on AXTA. The Goldman Sachs Group increased their price target on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Citigroup reduced their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday. Mizuho lowered their target price on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Robert W. Baird set a $37.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, Vertical Research lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Axalta Coating Systems has a consensus rating of “Hold” and a consensus target price of $36.13.
Check Out Our Latest Research Report on Axalta Coating Systems
Axalta Coating Systems Price Performance
Shares of AXTA opened at $26.80 on Thursday. The company has a market capitalization of $5.72 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. The business’s 50-day moving average is $31.05 and its two-hundred day moving average is $30.40. 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 – Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Research analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current year.
Hedge Funds Weigh In On Axalta Coating Systems
Large investors have recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its holdings in shares of 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 in the last quarter. Millennium Management LLC raised its holdings in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock worth $224,327,000 after purchasing an additional 6,475,786 shares in the last quarter. Channing Capital Management LLC lifted its position in 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 purchasing an additional 2,644,783 shares during the period. Empyrean Capital Partners LP acquired a new stake in Axalta Coating Systems in the fourth quarter valued at about $66,236,000. Finally, Ilex Capital Partners UK LLP purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at approximately $60,571,000. Hedge funds and other institutional investors 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.