Axalta Coating Systems (NYSE:AXTA) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Axalta Coating Systems to “strong-buy” from “buy,” though broader analyst sentiment remains “Hold,” with five Buy ratings and nine Hold ratings and an average price target of $36.85.
• Axalta reported quarterly EPS of $0.72, beating estimates of $0.65, while revenue rose 3.1% year over year to $1.35 billion, exceeding analyst expectations of $1.31 billion.
• AXTA shares opened at $32.89, with a market capitalization of approximately $7.04 billion; institutional investors own a substantial 98.28% of the company’s stock.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. UBS Group reiterated a "neutral" rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. BMO Capital Markets reiterated a "market perform" rating on shares of Axalta Coating Systems in a research note on Monday. Mizuho boosted 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. Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a "buy" rating and a $44.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, 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 $32.89 on Friday. 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 company has a market cap of $7.04 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a 50 day moving average of $35.11 and a 200-day moving average of $31.87. Axalta Coating Systems has a 1-year low of $24.94 and a 1-year high of $38.61.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.64 EPS. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. 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, equities research analysts forecast that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of institutional investors have recently bought and sold shares of AXTA. Mint Tower Capital Management B.V. purchased a new stake in Axalta Coating Systems in the 2nd quarter worth about $31,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the first quarter worth approximately $30,000. IFP Advisors Inc lifted its stake in shares of Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 577 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Axalta Coating Systems by 297.5% during the 1st quarter. Root Financial Partners LLC now owns 2,202 shares of the specialty chemicals company's stock valued at $61,000 after acquiring an additional 1,648 shares during the period. Finally, Allworth Financial LP bought a new position in Axalta Coating Systems in the 2nd quarter valued at $77,000. 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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