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

Key Points

• Axalta Coating Systems Ltd. has received a consensus recommendation of "Moderate Buy" from 15 brokerages, with an average twelve-month price objective of $37.71.
• Recent analyst ratings show a mixed outlook, with notable reductions in price targets from institutions like Mizuho and Deutsche Bank, indicating caution in the market.
• In the latest earnings report, Axalta posted earnings per share of $0.64, exceeding expectations, but reported a 3.4% decline in year-over-year revenue.

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.7143.

A number of research firms have commented on AXTA. Zacks Research upgraded Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research report on Friday, July 18th. BMO Capital Markets lowered Axalta Coating Systems from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Wells Fargo & Company cut their price objective on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Finally, Mizuho cut their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 15th.

Axalta Coating Systems Trading Down 0.4%

NYSE:AXTA traded down $0.12 during trading hours on Friday, reaching $29.88. 352,482 shares of the stock were exchanged, compared to its average volume of 2,423,595. 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 business has a 50-day moving average of $30.22 and a two-hundred day moving average of $31.08. Axalta Coating Systems has a twelve month low of $27.58 and a twelve month high of $41.65. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.76 and a beta of 1.28.

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 EPS for the quarter, topping 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 period in the prior year, the firm earned $0.57 earnings per share. The firm's revenue 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, equities analysts predict that Axalta Coating Systems will post 2.55 EPS for the current year.

Insider Buying and Selling at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total transaction of $99,205.64. Following the sale, the senior vice president owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Axalta Coating Systems

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in Axalta Coating Systems by 133.7% in the second quarter. Osaic Holdings Inc. now owns 19,668 shares of the specialty chemicals company's stock valued at $625,000 after buying an additional 11,253 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Axalta Coating Systems by 22.2% in the second quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company's stock valued at $21,289,000 after buying an additional 130,347 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Axalta Coating Systems by 16.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 215,347 shares of the specialty chemicals company's stock valued at $6,395,000 after buying an additional 30,662 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Axalta Coating Systems by 49.5% in the second quarter. Tower Research Capital LLC TRC now owns 11,753 shares of the specialty chemicals company's stock valued at $349,000 after buying an additional 3,893 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Axalta Coating Systems by 1,866.1% in the second quarter. Corient Private Wealth LLC now owns 158,275 shares of the specialty chemicals company's stock valued at $4,699,000 after buying an additional 150,225 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

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.