Axalta Coating Systems (NYSE:AXTA – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.
Several other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. Citigroup assumed coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Mizuho boosted their target price 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, Royal Bank Of Canada increased 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. Five 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 stock presently has a consensus rating of “Hold” and an average target price of $36.85.
Check Out Our Latest Report on Axalta Coating Systems
Axalta Coating Systems Trading Down 0.0%
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.35% and a net margin of 6.78%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.64 EPS. The company’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, research analysts predict that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems during the first quarter worth $30,000. Mint Tower Capital Management B.V. bought a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $31,000. IFP Advisors Inc lifted its holdings in Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 577 shares in the last quarter. Root Financial Partners LLC lifted its holdings in 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 purchasing an additional 1,648 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Axalta Coating Systems in the 2nd quarter worth about $77,000. 98.28% of the stock is owned by institutional investors.
Axalta Coating Systems Company Profile
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.
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