Axalta Coating Systems (NYSE:AXTA) Upgraded at Barclays

Barclays upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a strong-buy rating in a report published on Monday morning,Zacks reports.

Other equities analysts have also issued reports about the company. KeyCorp reissued an “overweight” rating on shares of Axalta Coating Systems in a research note on Monday, October 5th. UBS Group reduced their price objective on shares of Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Finally, Robert W. Baird boosted their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $38.18.

Axalta Coating Systems Stock Performance

AXTA stock opened at $33.16 on Monday. The firm has a market cap of $7.10 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $34.63 and a 200-day moving average price of $32.38. Axalta Coating Systems has a 1-year low of $24.94 and a 1-year high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 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 in the prior year, the company earned $0.64 EPS. The firm’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. As a group, equities research analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

Several large investors have recently made changes to their positions in AXTA. GAMMA Investing LLC grew its position in Axalta Coating Systems by 18.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock valued at $84,000 after purchasing an additional 413 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Axalta Coating Systems by 8.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,550 shares of the specialty chemicals company’s stock valued at $248,000 after purchasing an additional 614 shares in the last quarter. Mint Tower Capital Management B.V. bought a new stake in Axalta Coating Systems during the 2nd quarter valued at $31,000. State of Michigan Retirement System increased its stake in Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock valued at $1,424,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Krilogy Financial LLC raised its holdings in Axalta Coating Systems by 7.9% during the first quarter. Krilogy Financial LLC now owns 14,330 shares of the specialty chemicals company’s stock worth $412,000 after buying an additional 1,050 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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.