Citigroup initiated coverage on shares of Axalta Coating Systems (NYSE:AXTA – Get Free Report) in a research report issued on Thursday. The brokerage set a “buy” rating and a $44.00 price target on the specialty chemicals company’s stock. Citigroup’s price objective suggests a potential upside of 35.22% from the company’s previous close.
AXTA has been the topic of a number of other research reports. Mizuho reduced their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. UBS Group increased their target price on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research 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 note on Tuesday, May 5th. Finally, The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.31.
View Our Latest Analysis on AXTA
Axalta Coating Systems Stock Up 4.4%
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. 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. As a group, analysts forecast that Axalta Coating Systems will post 2.58 earnings per share for the current fiscal year.
Institutional Trading of Axalta Coating Systems
Several large investors have recently added to or reduced their stakes in AXTA. Glenmede Trust Co. NA raised its holdings in shares of Axalta Coating Systems by 82.3% during the 1st quarter. Glenmede Trust Co. NA now owns 14,258 shares of the specialty chemicals company’s stock valued at $395,000 after purchasing an additional 6,435 shares in the last quarter. Janus Henderson Group PLC increased its position in Axalta Coating Systems by 3.9% during the first quarter. Janus Henderson Group PLC now owns 1,036,806 shares of the specialty chemicals company’s stock worth $28,735,000 after buying an additional 39,385 shares during the last quarter. Bull Harbor Capital LLC bought a new position in Axalta Coating Systems during the first quarter valued at about $489,000. Amundi raised its holdings in Axalta Coating Systems by 4,072.1% during the first quarter. Amundi now owns 637,497 shares of the specialty chemicals company’s stock valued at $17,659,000 after buying an additional 622,217 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Axalta Coating Systems by 49.7% in the first quarter. EverSource Wealth Advisors LLC now owns 11,489 shares of the specialty chemicals company’s stock worth $318,000 after buying an additional 3,816 shares during the last quarter. 98.28% of the stock is owned by 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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