Axalta Coating Systems (NYSE:AXTA) Upgraded 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 report issued on Sunday morning.

AXTA has been the topic of several other research reports. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. Robert W. Baird boosted their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Mizuho increased their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada increased their price target 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. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus target price of $36.00.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $37.67 on Friday. The company has a market cap of $8.06 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The firm has a 50-day moving average of $33.32 and a 200-day moving average of $31.36. Axalta Coating Systems has a one year low of $24.94 and a one year high of $37.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.64 EPS. Axalta Coating Systems’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. As a group, equities analysts forecast that Axalta Coating Systems will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of Axalta Coating Systems by 24.5% in the second quarter. Versant Capital Management Inc now owns 6,107 shares of the specialty chemicals company’s stock valued at $209,000 after acquiring an additional 1,202 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Axalta Coating Systems by 82.3% in the 1st quarter. Glenmede Trust Co. NA now owns 14,258 shares of the specialty chemicals company’s stock worth $395,000 after purchasing an additional 6,435 shares in the last quarter. Janus Henderson Group PLC raised its stake in Axalta Coating Systems by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,036,806 shares of the specialty chemicals company’s stock worth $28,735,000 after purchasing an additional 39,385 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in Axalta Coating Systems in the 1st quarter valued at about $489,000. Finally, Amundi boosted its holdings in Axalta Coating Systems by 4,072.1% in the 1st quarter. Amundi now owns 637,497 shares of the specialty chemicals company’s stock valued at $17,659,000 after purchasing an additional 622,217 shares during the period. Institutional investors own 98.28% of the company’s stock.

About Axalta Coating Systems

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.