UBS Group Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $36.00

Axalta Coating Systems (NYSE:AXTA) had its price objective lowered by UBS Group from $39.00 to $36.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday. Robert W. Baird upped their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Mizuho lifted 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. Finally, Royal Bank Of Canada boosted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.58.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $32.78 on Monday. 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 has a twelve month low of $24.94 and a twelve month high of $38.61. The firm’s 50 day moving average price is $35.00 and its two-hundred day moving average price is $32.15. The firm has a market cap of $7.02 billion, a P/E ratio of 20.24, a PEG ratio of 1.54 and a beta of 1.26.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating 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 company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s quarterly revenue 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, analysts forecast that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Axalta Coating Systems during the second quarter worth about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Axalta Coating Systems in the second quarter valued at approximately $599,029,000. Artisan Partners Limited Partnership increased its position in shares of Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axalta Coating Systems by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock worth $213,143,000 after purchasing an additional 754,098 shares during the last quarter. Finally, Lakewood Capital Management LP bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $117,157,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.