KeyCorp Upgrades Axalta Coating Systems (NYSE:AXTA) to “Strong-Buy”

Axalta Coating Systems (NYSE:AXTA) was upgraded by investment analysts at KeyCorp to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports. KeyCorp also issued estimates for Axalta Coating Systems’ Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.67 EPS, FY2027 earnings at $3.00 EPS and FY2028 earnings at $3.20 EPS.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Citigroup began coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Down 1.3%

AXTA opened at $34.00 on Thursday. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The firm has a market capitalization of $7.28 billion, a P/E ratio of 20.99, a PEG ratio of 1.59 and a beta of 1.24. The company’s 50-day moving average is $35.15 and its 200 day moving average is $31.83. 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 posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. 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. Research analysts expect that Axalta Coating Systems will post 2.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently modified their holdings of the company. Principal Securities Inc. boosted its holdings in 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 valued at $236,000 after purchasing an additional 511 shares during the period. IFP Advisors Inc increased its holdings in shares of Axalta Coating Systems by 65.9% in the fourth 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 during the period. Covestor Ltd increased its holdings in shares of Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares during the period. Allworth Financial LP raised its position in shares of Axalta Coating Systems by 31.9% in the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 768 shares in the last quarter. Finally, Mint Tower Capital Management B.V. purchased a new stake in shares of Axalta Coating Systems in the second quarter worth $31,000. 98.28% of the stock is currently owned by institutional investors.

About Axalta Coating Systems

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.