Axalta Coating Systems (NYSE:AXTA) Price Target Cut to $29.00 by Analysts at Royal Bank Of Canada

Axalta Coating Systems (NYSE:AXTA) had its price target lowered by equities researchers at Royal Bank Of Canada from $31.00 to $29.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 5.05% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on AXTA. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research note on Wednesday, February 11th. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. Citigroup decreased their price objective on Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems has an average rating of “Hold” and an average target price of $34.80.

Axalta Coating Systems Stock Up 3.4%

Shares of AXTA stock traded up $0.92 during mid-day trading on Tuesday, hitting $27.61. The stock had a trading volume of 625,122 shares, compared to its average volume of 2,969,767. Axalta Coating Systems has a 12-month low of $24.94 and a 12-month high of $35.72. The firm has a market capitalization of $5.91 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.24. The firm’s 50-day moving average is $29.04 and its two-hundred day moving average is $30.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. On average, analysts predict that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its position in Axalta Coating Systems by 277.3% during the 3rd quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock valued at $2,956,000 after buying an additional 75,915 shares in the last quarter. Lakewood Capital Management LP increased its position in Axalta Coating Systems by 34.2% during the 3rd quarter. Lakewood Capital Management LP now owns 1,187,648 shares of the specialty chemicals company’s stock valued at $33,990,000 after buying an additional 302,751 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Axalta Coating Systems by 189.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,273,955 shares of the specialty chemicals company’s stock valued at $36,461,000 after buying an additional 834,481 shares in the last quarter. Millennium Management LLC increased its position in Axalta Coating Systems by 475.3% during the 3rd quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Axalta Coating Systems by 71.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock valued at $3,491,000 after purchasing an additional 44,343 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

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.