Axalta Coating Systems (NYSE:AXTA) Price Target Cut to $29.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on Axalta from $31 to $29 and kept a "sector perform" rating, implying roughly a 5% upside from the current price.
• Axalta beat Q1 expectations with $0.56 EPS vs. $0.50 est. and $1.25B revenue vs. $1.21B est., and issued FY2026 guidance of 2.55–2.70 EPS (sell-side consensus ~2.63).
• The analyst consensus is a Hold (13 Hold, 5 Buy) with a mean price target of $34.80; the stock traded at $27.61 and institutional investors own about 98% of the shares, with recent position increases by firms like Goldman Sachs, Jane Street and Invesco.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its price objective reduced by equities researchers at Royal Bank Of Canada from $31.00 to $29.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "sector perform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price target would suggest a potential upside of 5.05% from the company's current price.

A number of other equities analysts have also recently commented on AXTA. Mizuho dropped their target price on Axalta Coating Systems from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, March 23rd. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday. Vertical Research cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Axalta Coating Systems in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.80.

Axalta Coating Systems Price Performance

NYSE:AXTA traded up $0.92 during trading hours on Tuesday, reaching $27.61. The stock had a trading volume of 625,122 shares, compared to its average volume of 2,969,767. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. Axalta Coating Systems has a 52 week low of $24.94 and a 52 week high of $35.72. The company has a 50 day moving average price of $29.04 and a two-hundred day moving average price of $30.47. The stock has a market capitalization of $5.91 billion, a PE ratio of 16.13, a PEG ratio of 1.18 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. As a group, sell-side analysts anticipate that Axalta Coating Systems will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of large investors have recently bought and sold shares of AXTA. Goldman Sachs Group Inc. boosted its holdings in Axalta Coating Systems by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company's stock valued at $38,533,000 after acquiring an additional 51,130 shares during the period. Jane Street Group LLC lifted its holdings in shares of Axalta Coating Systems by 29.0% in the 1st quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company's stock worth $5,179,000 after buying an additional 35,092 shares during the period. Invesco Ltd. lifted its holdings in shares of Axalta Coating Systems by 8.5% in the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company's stock worth $12,069,000 after buying an additional 31,759 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 371.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company's stock worth $104,000 after buying an additional 2,758 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Axalta Coating Systems by 22.0% in the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company's stock worth $9,445,000 after buying an additional 57,440 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Company Profile

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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