Axalta Coating Systems (NYSE:AXTA) Lowered to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Axalta Coating Systems (NYSE:AXTA) from an outperform rating to a sector perform rating in a report issued on Wednesday morning, Marketbeat reports. Royal Bank Of Canada currently has $30.00 target price on the specialty chemicals company’s stock, down from their previous target price of $35.00.

Other equities analysts also recently issued research reports about the stock. Bank of America cut their price objective on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Zacks Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. cut their target price on Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.06.

Axalta Coating Systems Stock Performance

AXTA traded up $1.26 on Wednesday, hitting $29.06. 1,615,513 shares of the company traded hands, compared to its average volume of 2,834,154. Axalta Coating Systems has a 12-month low of $26.28 and a 12-month high of $41.65. The company has a 50 day moving average of $28.68 and a 200-day moving average of $29.88. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $6.20 billion, a PE ratio of 13.90, a PEG ratio of 1.10 and a beta of 1.31.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. Sell-side analysts anticipate that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently made changes to their positions in AXTA. Cullen Frost Bankers Inc. purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $37,000. IFP Advisors Inc acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $39,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Axalta Coating Systems by 951.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 1,199 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $49,000. Finally, True Wealth Design LLC lifted its stake in Axalta Coating Systems by 1,533.6% in the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 1,687 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.