Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Barclays

Axalta Coating Systems (NYSE:AXTA – Get Free Report) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reaffirmed an “overweight” rating on shares of Axalta Coating Systems in a report on Monday, October 5th. Mizuho lifted their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets reissued a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. UBS Group lowered their price objective on Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Robert W. Baird upped their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.18.

View Our Latest Research Report on Axalta Coating Systems

Axalta Coating Systems Stock Down 1.1%

Shares of NYSE AXTA opened at $33.16 on Monday. The stock has a market cap of $7.10 billion, a PE ratio of 20.47, a P/E/G ratio of 1.55 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems has a 12-month low of $24.94 and a 12-month high of $38.61. The company has a 50-day moving average of $34.63 and a 200 day moving average of $32.38.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts predict that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

Several institutional investors and hedge funds have recently bought and sold shares of AXTA. Mint Tower Capital Management B.V. acquired a new stake in shares of Axalta Coating Systems during the second quarter valued at about $31,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at approximately $30,000. Root Financial Partners LLC lifted its holdings in shares of Axalta Coating Systems by 297.5% in the 1st quarter. Root Financial Partners LLC now owns 2,202 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 1,648 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $77,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Axalta Coating Systems by 18.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 413 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

About Axalta Coating Systems

(Get Free Report)

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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