Axalta Coating Systems (NYSE:AXTA) Hits New 52-Week Low - What's Next?

Key Points

• Axalta Coating Systems shares hit a new 52-week low of $27.53, reflecting a significant decline in stock performance, with a recent trading volume of 484,043 shares.
• Wall Street analysts have mixed views on Axalta, with ratings ranging from a "Strong Buy" to "Hold," and the average target price set at $37.71.
• The company's recent quarterly earnings showed a reported $0.64 earnings per share, slightly exceeding expectations but reflecting a 3.4% year-over-year revenue decline.

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $27.56 and last traded at $27.53, with a volume of 484043 shares traded. The stock had previously closed at $27.79.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of research analyst reports. 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 target price for the company. in a research note on Friday, July 18th. BMO Capital Markets downgraded Axalta Coating Systems from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Royal Bank Of Canada cut their price target on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Finally, Wells Fargo & Company cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.71.

Axalta Coating Systems Stock Down 1.3%

The business's fifty day moving average price is $30.13 and its 200 day moving average price is $31.01. 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 market capitalization of $5.94 billion, a PE ratio of 13.44, a PEG ratio of 1.65 and a beta of 1.28.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted 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. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. 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 research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 12,087 shares in the company, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 AXTA. Ilex Capital Partners UK LLP bought a new stake in shares of Axalta Coating Systems in the 2nd quarter worth about $60,571,000. AQR Capital Management LLC grew its position in shares of Axalta Coating Systems by 301.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,319,863 shares of the specialty chemicals company's stock valued at $68,877,000 after buying an additional 1,742,203 shares during the last quarter. Nuveen LLC bought a new stake in shares of Axalta Coating Systems during the 1st quarter valued at about $57,682,000. SG Americas Securities LLC bought a new stake in shares of Axalta Coating Systems during the 1st quarter valued at about $55,876,000. Finally, Fuller & Thaler Asset Management Inc. grew 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 valued at $240,494,000 after buying an additional 1,663,261 shares during the last quarter. Institutional investors and hedge funds 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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