Axalta Coating Systems (NYSE:AXTA) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Axalta Coating Systems (NYSE:AXTA – Free Report) to a buy rating in a report issued on Saturday.

Several other research analysts have also weighed in on AXTA. Royal Bank Of Canada raised their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. UBS Group upped their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Mizuho lifted their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems has a consensus rating of “Hold” and an average price target of $35.67.

Check Out Our Latest Stock Report on AXTA

Axalta Coating Systems Price Performance

AXTA stock opened at $33.79 on Friday. The stock’s 50 day moving average is $32.48 and its two-hundred day moving average is $31.22. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a market capitalization of $7.23 billion, a PE ratio of 19.76, a P/E/G ratio of 1.60 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, topping 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 net margin of 7.22% and a return on equity of 22.37%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts predict that Axalta Coating Systems will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several hedge funds have recently made changes to their positions in AXTA. Wealth Enhancement Advisory Services LLC lifted its stake in Axalta Coating Systems by 71.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock valued at $3,491,000 after buying an additional 44,343 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Axalta Coating Systems by 88.4% during the fourth quarter. SG Americas Securities LLC now owns 523,014 shares of the specialty chemicals company’s stock worth $16,899,000 after acquiring an additional 245,453 shares during the last quarter. UBS Group AG grew its position in shares of Axalta Coating Systems by 207.4% during the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after acquiring an additional 1,958,395 shares during the last quarter. Arnhold LLC increased its holdings in shares of Axalta Coating Systems by 111.8% in the 4th quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company’s stock worth $16,178,000 after acquiring an additional 264,281 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Axalta Coating Systems by 887.2% in 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 acquiring an additional 11,301,977 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

(Get Free Report)

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.

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