Axalta Coating Systems Ltd. (NYSE:AXTA) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Axalta Coating Systems Ltd. has received an average rating of "Moderate Buy" from 17 research firms, with 9 buy recommendations and 8 holds.
• The average 12-month price target for Axalta stock is $36.73, while recent reports have lowered targets to between $32.00 and $38.00.
• Axalta's recent quarterly earnings report showed earnings per share of $0.64, exceeding expectations, but revenue decreased by 3.4% compared to the previous year.

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.7333.

AXTA has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research report on Friday, July 18th. Royal Bank Of Canada decreased their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Weiss Ratings restated a "hold (c)" rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on shares of Axalta Coating Systems from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Friday, October 3rd.

Axalta Coating Systems Stock Performance

AXTA opened at $27.21 on Wednesday. The business's 50 day moving average is $29.75 and its 200-day moving average is $30.41. The stock has a market cap of $5.89 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. Axalta Coating Systems has a twelve month low of $26.28 and a twelve month high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. On average, analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Amy Tufano sold 3,194 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the completion of the transaction, the senior vice president owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Axalta Coating Systems

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC lifted its stake in shares of Axalta Coating Systems by 105.9% in the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at $37,000. IFP Advisors Inc bought a new position in Axalta Coating Systems in the 2nd quarter worth $39,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Axalta Coating Systems by 951.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 1,199 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Axalta Coating Systems in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.

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