Axalta Coating Systems (NYSE:AXTA) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Axalta Coating Systems (NYSE:AXTA) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on AXTA. Mizuho upped their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.85.

Axalta Coating Systems Stock Up 1.9%

Shares of NYSE AXTA opened at $32.89 on Friday. 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 52-week low of $24.94 and a 52-week high of $38.61. The firm has a 50 day moving average price of $35.11 and a 200 day moving average price of $31.87. The stock has a market cap of $7.04 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.52 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s 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. Analysts expect that Axalta Coating Systems will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its stake in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 577 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $31,000. State of Michigan Retirement System grew its position in shares of Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock worth $1,424,000 after purchasing an additional 1,000 shares in the last quarter. Krilogy Financial LLC increased its holdings in shares of Axalta Coating Systems by 7.9% during the first quarter. Krilogy Financial LLC now owns 14,330 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 1,050 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Axalta Coating Systems in the first quarter valued at approximately $30,000. 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 protective, decorative and functional coatings. Its products are used by automotive manufacturers, vehicle repair and refinish businesses, industrial equipment producers, commercial transportation companies and other customers seeking to protect surfaces from corrosion, weathering and wear.

The company’s offerings include liquid and powder coatings, primers, clearcoats, electrocoat systems, sealants and other coating technologies.