Axalta Coating Systems (NYSE:AXTA) Price Target Lowered to $41.00 at Bank of America

Key Points

• Bank of America has lowered its price target for Axalta Coating Systems from $42.00 to $41.00, while maintaining a "buy" rating, indicating a potential upside of 53.10% from its current stock price.
• Other brokerages have also reduced their price targets, with Evercore ISI and Royal Bank of Canada setting targets of $32.00 and $34.00, respectively, reflecting a bearish trend in recent analyses.
• Despite the lower targets, nine analysts have rated Axalta Coating Systems as a "Buy," while eight have issued a "Hold" rating, leading to a consensus rating of "Moderate Buy" with an average target of $36.73.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its price objective reduced by equities researchers at Bank of America from $42.00 to $41.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the specialty chemicals company's stock. Bank of America's price objective would indicate a potential upside of 53.10% from the company's current price.

A number of other brokerages have also recently weighed in on AXTA. 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. Royal Bank Of Canada dropped their target price on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Mizuho dropped their target price on Axalta Coating Systems from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Zacks Research raised Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.73.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $26.78 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. Axalta Coating Systems has a twelve month low of $26.28 and a twelve month high of $41.65. The stock has a 50 day moving average of $29.78 and a two-hundred day moving average of $30.43. The stock has a market cap of $5.80 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.53 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm's revenue for the quarter 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, research analysts forecast that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total transaction of $99,205.64. Following the transaction, the senior vice president owned 12,087 shares of the company's stock, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its holdings in Axalta Coating Systems by 2.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company's stock worth $427,000 after acquiring an additional 368 shares during the period. Louisiana State Employees Retirement System grew its holdings in Axalta Coating Systems by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company's stock valued at $1,826,000 after purchasing an additional 400 shares during the last quarter. State of Michigan Retirement System grew its holdings in Axalta Coating Systems by 0.8% in the second quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company's stock valued at $1,562,000 after purchasing an additional 400 shares during the last quarter. Fifth Third Bancorp grew its holdings in Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 401 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Axalta Coating Systems by 1.6% in the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock valued at $841,000 after purchasing an additional 407 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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