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

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

AXTA has been the subject of several other reports. KeyCorp initiated coverage on shares of Axalta Coating Systems in a research note on Friday, September 11th. They issued an “overweight” rating and a $47.00 target price for the company. Citigroup initiated coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 target price for the company. Robert W. Baird increased their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Mizuho lifted their price objective 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. Finally, Royal Bank Of Canada increased their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.85.

Axalta Coating Systems Stock Down 0.7%

AXTA stock opened at $32.67 on Friday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.52 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 business has a 50 day moving average price of $35.12 and a two-hundred day moving average price of $31.91. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99.

Axalta Coating Systems (NYSE:AXTA) last released 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 return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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. Analysts anticipate that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 1st quarter valued at $30,000. Mint Tower Capital Management B.V. bought a new stake in Axalta Coating Systems during the second quarter worth about $31,000. IFP Advisors Inc grew its stake in Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 577 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Axalta Coating Systems by 297.5% during the 1st quarter. Root Financial Partners LLC now owns 2,202 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 1,648 shares during the period. Finally, Allworth Financial LP bought a new position in Axalta Coating Systems in the second quarter valued at approximately $77,000. Institutional investors own 98.28% of the company’s stock.

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.