Axalta Coating Systems Ltd. (NYSE:AXTA) Given Consensus Rating of “Hold” by Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $36.00.

AXTA has been the topic of a number of research analyst reports. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Mizuho lifted their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Citigroup started coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $36.14 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The firm has a 50-day moving average of $34.46 and a 200-day moving average of $31.60. Axalta Coating Systems has a one year low of $24.94 and a one year high of $38.61. The company has a market cap of $7.73 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.84 and a beta of 1.24.

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

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC increased its holdings in Axalta Coating Systems by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after buying an additional 330 shares during the last quarter. Principal Securities Inc. boosted its stake in Axalta Coating Systems by 7.5% in the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock valued at $236,000 after acquiring an additional 511 shares during the last quarter. IFP Advisors Inc grew its position in shares of Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 577 shares during the period. Covestor Ltd grew its position in shares of Axalta Coating Systems by 197.7% during 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 during the period. Finally, Allworth Financial LP increased its stake in shares of Axalta Coating Systems by 31.9% during the 4th quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 768 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

About Axalta Coating Systems

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.