Axalta Coating Systems (NYSE:AXTA) Stock Rating Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Axalta Coating Systems from “strong-buy” to “buy.” Overall analyst sentiment is “Hold,” with five Buy ratings, eight Hold ratings, and a consensus price target of $37.25.
• Axalta exceeded quarterly expectations, reporting $0.72 in EPS versus the $0.65 estimate and revenue of $1.35 billion versus $1.31 billion expected. Revenue increased 3.1% year over year.
• Institutional ownership remains very high at 98.28%, with major investors including BlackRock, Barrow Hanley Mewhinney & Strauss, and Artisan Partners making significant purchases or increasing their positions.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other brokerages have also recently weighed in on AXTA. 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 research report on Wednesday, July 8th. BMO Capital Markets reissued a "market perform" rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. KeyCorp began coverage on shares of Axalta Coating Systems in a report on Friday, September 11th. They set an "overweight" rating and a $47.00 target price for the company. Mizuho lifted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Finally, UBS Group reiterated a "neutral" rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Axalta Coating Systems currently has an average rating of "Hold" and a consensus price target of $37.25.

Axalta Coating Systems Trading Up 1.1%

Shares of AXTA opened at $32.22 on Friday. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $38.61. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $6.89 billion, a P/E ratio of 19.89, a PEG ratio of 1.49 and a beta of 1.26. The firm's 50-day moving average is $35.11 and its two-hundred day moving average is $32.00.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly 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 analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous 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, research analysts predict that Axalta Coating Systems will post 2.63 earnings per share 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. BlackRock Inc. purchased 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 position in shares of Axalta Coating Systems in the 2nd quarter worth $599,029,000. Artisan Partners Limited Partnership boosted its holdings in 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 acquiring an additional 11,301,977 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 754,098 shares during the last quarter. Finally, Lakewood Capital Management LP purchased a new stake in Axalta Coating Systems during the second quarter valued at about $117,157,000. Institutional investors and hedge funds own 98.28% of the company's stock.

About Axalta Coating Systems

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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