Axalta Coating Systems (NYSE:AXTA – Free Report) had its price target reduced by Barclays from $45.00 to $44.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.
A number of other equities research analysts have also commented on the company. 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 target price on shares of Axalta Coating Systems in a research note on Friday, October 9th. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Finally, Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.55.
Get Our Latest Research Report on Axalta Coating Systems
Axalta Coating Systems Stock Up 1.1%
AXTA stock opened at $33.99 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.53. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The stock’s 50 day simple moving average is $34.00 and its 200 day simple moving average is $32.34. The company has a market cap of $7.27 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.26.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its earnings results on Thursday, October 29th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). Axalta Coating Systems had a return on equity of 21.28% and a net margin of 6.46%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Axalta Coating Systems’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts expect that Axalta Coating Systems will post 2.44 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of AXTA. Mint Tower Capital Management B.V. bought a new position in shares of Axalta Coating Systems during the 2nd quarter valued at $31,000. Root Financial Partners LLC bought a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at about $33,000. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 1st quarter valued at about $30,000. Allworth Financial LP purchased a new stake in Axalta Coating Systems during the 2nd quarter valued at about $77,000. Finally, GAMMA Investing LLC boosted its holdings in Axalta Coating Systems by 18.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 413 shares during the period. 98.28% of the stock is currently owned by institutional investors.
Axalta Coating Systems News Summary
Here are the key news stories impacting Axalta Coating Systems this week:
- Positive Sentiment: Barclays lowered its price target modestly from $45 to $44 but maintained an “overweight” rating, implying approximately 29.5% potential upside from the referenced price. Barclays lowers Axalta price target
- Positive Sentiment: Axalta guided to approximately $1.10 billion-$1.11 billion in 2026 adjusted EBITDA and forecast fourth-quarter adjusted EPS of about $0.55, giving investors visibility into its near-term profitability expectations. Axalta guidance for 2026 EBITDA and fourth-quarter EPS
- Neutral Sentiment: Management reported third-quarter revenue of approximately $1.31 billion, up 1.8% year over year, while net income was about $95 million. The results indicate continued top-line growth but limited earnings momentum. Axalta third-quarter earnings results
- Negative Sentiment: Third-quarter adjusted EPS was $0.63, below consensus estimates near $0.70-$0.71 and down from $0.67 a year earlier. Revenue also missed expectations of roughly $1.33 billion, increasing concerns about margins and demand. Axalta third-quarter earnings and revenue miss
- Positive Sentiment: Ariel Global Fund highlighted potential cost savings from Axalta’s proposed merger with Akzo Nobel, offering a possible longer-term catalyst if the transaction produces expected synergies. Ariel Global Fund discusses Axalta and Akzo Nobel merger
About Axalta Coating Systems
Axalta Coating Systems Ltd. (NYSE: AXTA) develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.
The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.
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