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

Wall Street Zen upgraded shares of Axalta Coating Systems (NYSE:AXTA) from a buy rating to a strong-buy rating in a research note released on Sunday.

A number of other equities analysts have also issued reports on AXTA. Royal Bank Of Canada raised their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. BMO Capital Markets lifted their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $35.90 on Friday. The company has a 50 day moving average price of $33.02 and a 200 day moving average price of $31.30. The firm has a market capitalization of $7.68 billion, a P/E ratio of 22.16, a PEG ratio of 1.77 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Axalta Coating Systems has a 52 week low of $24.94 and a 52 week high of $36.62.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (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 analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. Axalta Coating Systems’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. 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. Sell-side analysts expect that Axalta Coating Systems will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

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

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.