Axalta Coating Systems (NYSE:AXTA) Reaches New 1-Year High – Still a Buy?

Axalta Coating Systems Ltd. (NYSE:AXTA) shares hit a new 52-week high on Monday . The company traded as high as $36.82 and last traded at $36.61, with a volume of 85312 shares. The stock had previously closed at $35.81.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AXTA shares. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $30.00 in a report on Friday, April 10th. BMO Capital Markets upped their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research report on Friday, May 1st. Finally, Mizuho lifted their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Stock Up 1.7%

The company has a market capitalization of $7.79 billion, a PE ratio of 22.43, a P/E/G ratio of 1.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The company’s 50-day moving average is $33.02 and its 200 day moving average is $31.30.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. 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. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in AXTA. Covestor Ltd lifted its position in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 603 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 4th quarter worth $30,000. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 1st quarter worth $30,000. Summit Securities Group LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter worth $32,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter worth $35,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

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.