Axalta Coating Systems (NYSE:AXTA – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
A number of other equities research analysts have also weighed in on AXTA. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. Royal Bank Of Canada raised their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. KeyCorp assumed coverage on Axalta Coating Systems in a research note on Friday, September 11th. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, Robert W. Baird upped their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.58.
Read Our Latest Stock Report on Axalta Coating Systems
Axalta Coating Systems Stock Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced 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. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. Axalta Coating Systems’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. 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 predict that Axalta Coating Systems will post 2.63 earnings per share for the current year.
Hedge Funds Weigh In On Axalta Coating Systems
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Axalta Coating Systems during the second quarter worth $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Axalta Coating Systems in the second quarter valued at $599,029,000. Artisan Partners Limited Partnership increased its position in shares of Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after buying an additional 11,301,977 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axalta Coating Systems by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock valued at $213,143,000 after buying an additional 754,098 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth $117,157,000. 98.28% of the stock is owned by hedge funds and other institutional investors.
Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.
The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.
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