Axalta Coating Systems (NYSE:AXTA) Sees Large Volume Increase – Here’s Why

Axalta Coating Systems Ltd. (NYSE:AXTA) shares saw an uptick in trading volume on Wednesday . 3,496,950 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 2,834,414 shares.The stock last traded at $30.9470 and had previously closed at $30.01.

Analyst Ratings Changes

Several brokerages have recently commented on AXTA. Citigroup reduced their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Mizuho decreased their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Royal Bank Of Canada cut their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $30.00 in a report on Friday, April 10th. Finally, Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.15.

Axalta Coating Systems Trading Up 0.3%

The firm has a 50-day moving average of $28.19 and a 200 day moving average of $30.47. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.59 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. As a group, equities analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXTA. Covestor Ltd grew its position in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Axalta Coating Systems during the 4th quarter valued at $30,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems during the 1st quarter worth about $30,000. Summit Securities Group LLC acquired a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $32,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at $35,000. 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.