Axalta Coating Systems (NYSE:AXTA) Upgraded at KeyCorp

Key Points

• KeyCorp upgraded Axalta Coating Systems to “strong buy” and issued earnings estimates of $0.72 EPS for Q3 2026, $0.67 for Q4 2026, $3.00 for FY2027 and $3.20 for FY2028.
• Despite the upgrade, analyst sentiment remains mixed: Axalta has a consensus “hold” rating and a $36 average price target, compared with its recent opening price of $34.00.
• Axalta recently beat quarterly expectations, reporting $0.72 EPS versus the $0.65 estimate and $1.35 billion in revenue, up 3.1% year over year. Institutional investors own approximately 98.28% of the company’s shares.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was upgraded by stock analysts at KeyCorp to a "strong-buy" rating in a research report issued on Thursday, Zacks reports. 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.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of 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. Citigroup initiated coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a "buy" rating and a $44.00 target price on the stock. Wall Street Zen downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Finally, Mizuho lifted their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.00.

Axalta Coating Systems Trading Down 1.3%

Shares of AXTA opened at $34.00 on Thursday. The stock has a fifty day moving average of $35.15 and a two-hundred day moving average of $31.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The company has a market capitalization of $7.28 billion, a PE ratio of 20.99, a price-to-earnings-growth 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.

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 (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 analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. 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, analysts forecast that Axalta Coating Systems will post 2.64 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. increased its position in shares of Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company's stock worth $236,000 after acquiring an additional 511 shares in the last quarter. IFP Advisors Inc lifted its position in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 577 shares in the last quarter. Covestor Ltd boosted its stake in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 603 shares during the last quarter. Allworth Financial LP boosted its stake in Axalta Coating Systems by 31.9% during the 4th quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company's stock valued at $103,000 after purchasing an additional 768 shares during the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in Axalta Coating Systems during the 2nd quarter worth approximately $31,000. 98.28% of the stock is currently owned by 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.

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