Citigroup Cuts Axalta Coating Systems (NYSE:AXTA) Price Target to $42.00

Axalta Coating Systems (NYSE:AXTA) had its target price lowered by Citigroup from $45.00 to $42.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts also recently commented on the stock. Robert W. Baird set a $37.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. UBS Group reissued a “neutral” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Vertical Research downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their price objective on Axalta Coating Systems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.13.

Axalta Coating Systems Stock Down 0.1%

Shares of NYSE:AXTA opened at $26.80 on Wednesday. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a market capitalization of $5.72 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. The company has a fifty day moving average of $31.05 and a 200-day moving average of $30.40.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, equities 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 large investors have recently bought and sold shares of AXTA. Verdence Capital Advisors LLC lifted its position in shares of Axalta Coating Systems by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after acquiring an additional 330 shares in the last quarter. Global Retirement Partners LLC increased its position 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 buying an additional 464 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 504 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Axalta Coating Systems by 7.5% in the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 511 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in 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 purchasing an additional 576 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.