Axalta Coating Systems (NYSE:AXTA) Now Covered by KeyCorp

Key Points

• KeyCorp initiated coverage of Axalta Coating Systems with an “overweight” rating and a $47 price target, implying approximately 38% upside from the stock’s $34 price.
• Axalta exceeded quarterly expectations, reporting $0.72 EPS versus the $0.65 consensus and $1.35 billion in revenue versus $1.31 billion expected; full-year 2026 guidance remains $2.55–$2.70 EPS.
• Analyst sentiment is mixed overall, with five Buy ratings and nine Holds, resulting in a consensus “Hold” rating and an average price target of $36.85. Institutional investors own a substantial 98.28% of the company’s shares.

Research analysts at KeyCorp started coverage on shares of Axalta Coating Systems (NYSE:AXTA - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set an "overweight" rating and a $47.00 price target on the specialty chemicals company's stock. KeyCorp's price target would suggest a potential upside of 38.22% from the stock's current price. KeyCorp also issued estimates for Axalta Coating Systems' Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.67 EPS, FY2027 earnings at $3.00 EPS and FY2028 earnings at $3.20 EPS.

A number of other research analysts also recently issued reports on AXTA. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a "buy" rating and a $44.00 price objective on the stock. Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. UBS Group restated a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Finally, Mizuho raised their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems has an average rating of "Hold" and an average target price of $36.85.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $34.00 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The firm has a market capitalization of $7.28 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.59 and a beta of 1.24. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company's 50 day moving average price is $35.15 and its two-hundred day moving average price is $31.83.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion for 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%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company 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, equities analysts forecast that Axalta Coating Systems will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Axalta Coating Systems in the second quarter worth about $599,029,000. Artisan Partners Limited Partnership grew its stake in Axalta Coating Systems by 887.2% during 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 acquiring an additional 11,301,977 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Axalta Coating Systems by 3,242.7% in the 2nd quarter. California State Teachers Retirement System now owns 8,434,032 shares of the specialty chemicals company's stock valued at $288,613,000 after purchasing an additional 8,181,723 shares during the period. Finally, Lakewood Capital Management LP bought a new position in shares of Axalta Coating Systems in the second quarter worth $117,157,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

About Axalta Coating Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.