Axalta Coating Systems (NYSE:AXTA) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Axalta Coating Systems (NYSE:AXTA) to a buy rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also recently weighed in on AXTA. Mizuho upped their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research report on Friday, May 1st. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. Royal Bank Of Canada upped their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Finally, Citigroup began coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Hold” and an average price target of $35.67.

Axalta Coating Systems Trading Up 3.4%

Shares of AXTA stock opened at $32.76 on Friday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $35.72. The firm’s 50 day moving average price is $32.35 and its two-hundred day moving average price is $31.23.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Axalta Coating Systems’s revenue for the quarter was down .6% on a year-over-year basis. 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 anticipate that Axalta Coating Systems will post 2.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AXTA. Covestor Ltd lifted its position in shares of Axalta Coating Systems by 197.7% during 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 last quarter. Eagle Bay Advisors LLC bought a new stake in Axalta Coating Systems in the fourth quarter valued at about $30,000. Cedar Mountain Advisors LLC bought a new stake in Axalta Coating Systems in the first quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $32,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $35,000. 98.28% of the stock is owned by institutional investors and hedge funds.

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.