Axalta Coating Systems (NYSE:AXTA) Price Target Cut to $42.00 by Analysts at Citigroup

Axalta Coating Systems (NYSE:AXTA) had its target price decreased by stock analysts at Citigroup from $45.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price suggests a potential upside of 51.98% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Mizuho reduced their price objective on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Vertical Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group reissued a “neutral” rating and issued a $36.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and a consensus target price of $36.44.

Axalta Coating Systems Trading Down 0.2%

NYSE AXTA traded down $0.06 on Wednesday, hitting $27.64. The company’s stock had a trading volume of 2,628,894 shares, compared to its average volume of 3,304,368. The firm has a market cap of $5.90 billion, a P/E ratio of 15.88, a PEG ratio of 1.17 and a beta of 1.29. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72. The company’s 50-day simple moving average is $31.45 and its 200 day simple moving average is $30.48. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.33.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. Axalta Coating Systems’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Research analysts predict that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Verdence Capital Advisors LLC lifted its position in Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 330 shares during the period. Global Retirement Partners LLC increased its stake in shares of Axalta Coating Systems by 4.2% during the third quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock valued at $328,000 after purchasing an additional 464 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Axalta Coating Systems by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 504 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Axalta Coating Systems by 7.5% in the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 511 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Axalta Coating Systems by 2.2% in the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after buying an additional 576 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.