Axalta Coating Systems (NYSE:AXTA) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Axalta Coating Systems has received a "hold (c)" rating from Weiss Ratings, with ongoing mixed sentiments from other analysts regarding its stock performance.
• Research analysts have varied price targets for Axalta, with Royal Bank of Canada lowering theirs to $34.00, while Citigroup raised their target to $34.00 as well.
• The company's stock is currently trading at $29.08 and has a market capitalization of $6.30 billion, reflecting their financial performance amid recent challenges.

Axalta Coating Systems (NYSE:AXTA - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on AXTA. Royal Bank Of Canada reduced their target price 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. Citigroup raised shares of Axalta Coating Systems from a "neutral" rating to a "buy" rating and raised their price target for the stock from $32.00 to $34.00 in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft downgraded 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 note on Friday, July 18th. Evercore ISI reissued an "in-line" rating and issued a $32.00 price target (down from $47.00) on shares of Axalta Coating Systems in a research note on Thursday, October 2nd. Finally, Zacks Research raised shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average price target of $36.75.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded up $0.25 during trading on Friday, hitting $29.08. 3,681,496 shares of the company's stock were exchanged, compared to its average volume of 2,637,424. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. The business has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $30.24. Axalta Coating Systems has a 52-week low of $26.28 and a 52-week high of $41.65. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.51 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its 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 firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the company posted $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, research analysts forecast that Axalta Coating Systems will post 2.55 EPS for the current year.

Insider Buying and Selling

In other news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction 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 in the company, valued at approximately $375,422.22. This represents a 20.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by company insiders.

Institutional Trading of Axalta Coating Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in Axalta Coating Systems by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 25,540 shares of the specialty chemicals company's stock worth $847,000 after buying an additional 675 shares during the last quarter. Golden State Wealth Management LLC raised its position in Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 488 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Axalta Coating Systems during the 1st quarter worth $572,000. New York State Teachers Retirement System raised its position in Axalta Coating Systems by 12.1% during the 1st quarter. New York State Teachers Retirement System now owns 77,859 shares of the specialty chemicals company's stock worth $2,583,000 after buying an additional 8,412 shares during the last quarter. Finally, Summit Trail Advisors LLC purchased a new position in Axalta Coating Systems during the 1st quarter worth $627,000. Hedge funds and other institutional investors 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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