Axalta Coating Systems (NYSE:AXTA) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Axalta Coating Systems from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $36.
• Axalta shares opened at $38.22, near their 12-month high of $38.61, and were up 0.1%; the stock has an $8.18 billion market capitalization.
• The company exceeded quarterly expectations, reporting $0.72 EPS versus the $0.65 consensus and $1.35 billion in revenue, up 3.1% year over year. Institutional investors own 98.28% of the shares.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Monday.

Several other analysts have also issued reports on the company. Royal Bank Of Canada boosted their target price 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. Mizuho increased their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Robert W. Baird boosted their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $36.00.

Axalta Coating Systems Stock Up 0.1%

AXTA opened at $38.22 on Monday. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $38.61. The company's 50-day moving average price is $33.77 and its two-hundred day moving average price is $31.45. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99.

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, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.64 EPS. Axalta Coating Systems's quarterly revenue 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 analysts expect that Axalta Coating Systems will post 2.63 earnings per share for the current year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in AXTA. BlackRock Inc. purchased a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $668,541,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Axalta Coating Systems by 11.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company's stock valued at $564,035,000 after purchasing an additional 1,815,715 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Axalta Coating Systems by 887.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company's stock worth $406,328,000 after purchasing an additional 11,301,977 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Axalta Coating Systems by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company's stock valued at $213,143,000 after acquiring an additional 754,098 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Axalta Coating Systems by 64.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company's stock worth $107,739,000 after purchasing an additional 1,506,083 shares during the period. 98.28% of the stock is currently owned by institutional investors.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company's product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

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