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

Wall Street Zen downgraded shares of Axalta Coating Systems (NYSE:AXTA) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Other analysts also recently issued reports about the stock. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Mizuho boosted their target price 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. Finally, BMO Capital Markets increased their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $37.25 on Monday. The business has a 50 day moving average of $34.17 and a 200 day moving average of $31.53. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.84 and a beta of 1.24. Axalta Coating Systems has a 1-year low of $24.94 and a 1-year 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 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $1.35 billion for 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts predict that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Axalta Coating Systems in the second quarter worth $668,541,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $599,029,000. Artisan Partners Limited Partnership boosted its holdings in shares of 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 valued at $406,328,000 after buying an additional 11,301,977 shares in the last quarter. 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 worth $213,143,000 after buying an additional 754,098 shares during the period. Finally, 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 worth $107,739,000 after buying an additional 1,506,083 shares during the period. 98.28% of the stock is currently owned by 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.