Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Axalta Coating Systems has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $37.71 among brokerages.
• Hedge funds have increased their stakes in Axalta Coating Systems, with significant boosts from firms like JPMorgan Chase & Co. and Fuller & Thaler Asset Management.
• In its latest quarterly earnings report, Axalta reported $0.64 EPS, exceeding expectations, but experienced a 3.4% year-over-year revenue decline.

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.7143.

Several equities analysts have issued reports on the stock. Mizuho cut their price target on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Barclays decreased their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Citigroup reissued a "neutral" rating and set a $34.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Finally, Royal Bank Of Canada cut their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, August 1st.

Insider Activity

In other 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 transaction of $99,205.64. Following the completion of the sale, the senior vice president owned 12,087 shares in the company, valued at $375,422.22. This trade represents a 20.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Axalta Coating Systems by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company's stock worth $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Axalta Coating Systems by 29.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company's stock worth $240,494,000 after purchasing an additional 1,663,261 shares during the period. Wellington Management Group LLP boosted its position in shares of Axalta Coating Systems by 2.0% during the 1st quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company's stock worth $223,248,000 after purchasing an additional 132,234 shares during the period. Dimensional Fund Advisors LP boosted its position in Axalta Coating Systems by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock valued at $137,344,000 after buying an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC boosted its position in Axalta Coating Systems by 15.4% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock valued at $129,810,000 after buying an additional 520,844 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $31.3650 on Tuesday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. Axalta Coating Systems has a 52 week low of $27.58 and a 52 week high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $29.83 and a 200 day moving average of $31.82.

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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The business's revenue for the quarter was down 3.4% on a year-over-year basis. 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, sell-side analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

About Axalta Coating Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.