Axalta Coating Systems (NYSE:AXTA) Sets New 12-Month Low – Here’s Why

Axalta Coating Systems Ltd. (NYSE:AXTA) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.21 and last traded at $25.6020, with a volume of 22511 shares changing hands. The stock had previously closed at $27.14.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Robert W. Baird set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Citigroup boosted their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. UBS Group reissued a “neutral” rating and issued a $36.00 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems has an average rating of “Hold” and an average price target of $36.56.

Axalta Coating Systems Stock Down 5.2%

The firm has a market cap of $5.49 billion, a PE ratio of 14.82, a P/E/G ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. The firm’s 50-day moving average price is $32.60 and its two-hundred day moving average price is $30.77.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. As a group, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Axalta Coating Systems by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after buying an additional 51,130 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Axalta Coating Systems by 29.0% in the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after buying an additional 35,092 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Axalta Coating Systems by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 62,068 shares of the specialty chemicals company’s stock valued at $1,843,000 after buying an additional 1,436 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock worth $114,301,000 after buying an additional 11,749 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Axalta Coating Systems by 4.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 82,888 shares of the specialty chemicals company’s stock worth $2,461,000 after buying an additional 3,736 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.