Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $36.82 and last traded at $36.61, with a volume of 85312 shares. The stock had previously closed at $35.81.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on AXTA. Citigroup began coverage on Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Robert W. Baird boosted their target price 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. Royal Bank Of Canada upped their price target on 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. Mizuho increased their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.00.
Read Our Latest Stock Report on AXTA
Axalta Coating Systems Stock Up 3.8%
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm earned $0.64 EPS. Axalta Coating Systems’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. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.
Hedge Funds Weigh In On Axalta Coating Systems
Hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Axalta Coating Systems during the 4th quarter valued at about $30,000. Cedar Mountain Advisors LLC purchased a new position in Axalta Coating Systems during the 1st quarter valued at about $30,000. Summit Securities Group LLC bought a new stake in shares of Axalta Coating Systems during the fourth quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter worth about $35,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.
Axalta Coating Systems Company Profile
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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