Axalta Coating Systems (NYSE:AXTA) Hits New 12-Month High – Time to Buy?

Axalta Coating Systems Ltd. (NYSE:AXTAGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.61 and last traded at $37.8550, with a volume of 1107476 shares changing hands. The stock had previously closed at $38.19.

Analyst Ratings Changes

A number of equities analysts recently commented on AXTA shares. Royal Bank Of Canada lifted their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday. BMO Capital Markets raised their price objective on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 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.com, the stock has a consensus rating of “Hold” and an average price target of $36.00.

View Our Latest Stock Report on AXTA

Axalta Coating Systems Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock’s 50-day moving average price is $33.77 and its 200-day moving average price is $31.45. The company has a market cap of $8.03 billion, a P/E ratio of 23.16, a PEG ratio of 1.89 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping 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 period last year, the firm earned $0.64 earnings per share. Axalta Coating Systems’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. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares during the period. Eagle Bay Advisors LLC bought a new position in Axalta Coating Systems during the 4th quarter worth $30,000. Cedar Mountain Advisors LLC acquired a new position in Axalta Coating Systems in the 1st quarter valued at $30,000. Summit Securities Group LLC acquired a new position in Axalta Coating Systems in the 4th quarter valued at $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $35,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

About Axalta Coating Systems

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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.

Further Reading

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