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

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $36.00.

A number of analysts have recently commented on AXTA shares. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Mizuho upped their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. UBS Group reaffirmed a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their price objective on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th.

Axalta Coating Systems Trading Down 3.1%

NYSE AXTA opened at $34.41 on Friday. 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’s fifty day moving average price is $35.17 and its 200 day moving average price is $31.83. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. Axalta Coating Systems has a 12 month low of $24.94 and a 12 month high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.64 EPS. Axalta Coating Systems’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. On average, sell-side analysts expect that Axalta Coating Systems will post 2.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of institutional investors have recently modified their holdings of AXTA. BlackRock Inc. purchased a new position in Axalta Coating Systems during the 2nd quarter worth $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Axalta Coating Systems during the second quarter worth about $599,029,000. Artisan Partners Limited Partnership boosted its stake in shares of Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after buying an additional 11,301,977 shares during the period. California State Teachers Retirement System grew its holdings in shares of Axalta Coating Systems by 3,242.7% during the second quarter. California State Teachers Retirement System now owns 8,434,032 shares of the specialty chemicals company’s stock worth $288,613,000 after buying an additional 8,181,723 shares during the last quarter. Finally, Lakewood Capital Management LP purchased a new position in shares of Axalta Coating Systems during the second quarter worth about $117,157,000. 98.28% of the stock is 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.