Axalta Coating Systems (NYSE:AXTA) Stock Rating Lowered by Wall Street Zen

Axalta Coating Systems (NYSE:AXTA) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities analysts have also recently issued reports on AXTA. Citigroup began coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target on the stock. UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Royal Bank Of Canada raised their target price 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. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Mizuho lifted their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Four research 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, the company currently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Trading Down 0.5%

Shares of NYSE:AXTA opened at $37.24 on Monday. The company has a 50 day moving average of $34.05 and a 200-day moving average of $31.51. The firm has a market cap of $7.97 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.85 and a beta of 1.24. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $38.61. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

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 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’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. As a group, analysts anticipate that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AXTA. Goldman Sachs Group Inc. boosted its stake in shares of Axalta Coating Systems by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after acquiring an additional 51,130 shares in the last quarter. Jane Street Group LLC raised its position in shares of Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock worth $5,179,000 after purchasing an additional 35,092 shares during the period. Invesco Ltd. raised its position in shares of Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after purchasing an additional 31,759 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 2,758 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Axalta Coating Systems by 22.0% during the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after purchasing an additional 57,440 shares during the last quarter. Institutional investors and hedge funds 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.