Axalta Coating Systems (NYSE:AXTA – Get Free Report) had its price target hoisted by equities researchers at Mizuho from $32.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price would indicate a potential upside of 14.02% from the company’s previous close.
AXTA has been the subject of several other research reports. Citigroup began coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada decreased their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Finally, UBS Group raised their target price on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus target price of $34.85.
Read Our Latest Research Report on AXTA
Axalta Coating Systems Trading Up 0.6%
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. 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. Sell-side analysts expect that Axalta Coating Systems will post 2.58 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 4th quarter worth approximately $30,000. Summit Securities Group LLC bought a new stake in shares of Axalta Coating Systems in the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC acquired a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $35,000. Finally, Cedar Mountain Advisors LLC bought a new stake in Axalta Coating Systems during the first quarter worth approximately $30,000. 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.
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