Axalta Coating Systems (NYSE:AXTA) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Axalta Coating Systems has received a "hold (C)" rating from Weiss Ratings, alongside mixed evaluations from other analysts, with Deutsche Bank downgrading it from "buy" to "hold."
• The company's stock price currently sits at $27.35, with a market capitalization of $5.92 billion and a twelve-month low of $26.94.
• Axalta reported earnings of $0.64 EPS for the last quarter, slightly beating estimates, but also noted a 3.4% year-over-year decline in quarterly revenue.

Axalta Coating Systems (NYSE:AXTA - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research note on Friday, July 18th. Wells Fargo & Company dropped their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. BMO Capital Markets lowered shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $51.00 to $33.00 in a research note on Wednesday, July 16th. Zacks Research upgraded shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $32.00 price objective (down previously from $47.00) on shares of Axalta Coating Systems in a research note on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and an average target price of $36.50.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA traded up $0.05 during trading on Wednesday, reaching $27.35. The company had a trading volume of 2,814,240 shares, compared to its average volume of 2,535,546. The firm's fifty day moving average is $29.90 and its 200 day moving average is $30.65. The firm has a market capitalization of $5.92 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. Axalta Coating Systems has a twelve month low of $26.94 and a twelve month high of $41.65. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $0.57 earnings per share. The business's quarterly revenue 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, equities analysts forecast that Axalta Coating Systems will post 2.55 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Axalta Coating Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in AXTA. Golden State Wealth Management LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 488 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Axalta Coating Systems during the 2nd quarter valued at about $37,000. IFP Advisors Inc bought a new position in Axalta Coating Systems during the 2nd quarter valued at about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Axalta Coating Systems by 951.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 1,199 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Axalta Coating Systems during the 2nd quarter valued at about $49,000. 98.28% of the stock is owned by institutional investors.

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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