Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Recommendation of “Hold” from Analysts

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

AXTA has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Citigroup initiated coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st.

Axalta Coating Systems Stock Up 0.5%

AXTA opened at $37.23 on Tuesday. The company has a fifty day moving average of $34.37 and a two-hundred day moving average of $31.60. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.84 and a beta of 1.24. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) 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 analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. 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, research analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in Axalta Coating Systems by 4.6% in 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% during 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 acquiring an additional 35,092 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after acquiring an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Axalta Coating Systems by 371.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Axalta Coating Systems by 22.0% in the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after acquiring an additional 57,440 shares in the last quarter. Hedge funds and other institutional investors 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.