Citigroup Issues Pessimistic Forecast for Axalta Coating Systems (NYSE:AXTA) Stock Price

Key Points

• Citigroup cut its price target on Axalta from $45.00 to $42.00 but kept a "buy" rating, with that $42 target implying roughly a 52% upside from the prior close.
• Analyst consensus remains cautious: the stock has a "Hold" consensus with a $36.44 average price target, coming from seven Buys and twelve Holds.
• Axalta shares traded at $27.64 after reporting quarterly EPS that missed by $0.01 and revenue down 3.7%; the company has a market cap of $5.9B, a P/E of 15.88, and institutional ownership of 98.28%.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) had its target price lowered by equities researchers at Citigroup from $45.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the specialty chemicals company's stock. Citigroup's price target would suggest a potential upside of 51.98% from the company's previous close.

AXTA has been the subject of several other research reports. KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. The Goldman Sachs Group raised their target price on Axalta Coating Systems from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Vertical Research downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, January 7th. UBS Group reiterated a "neutral" rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $35.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $36.44.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.06 during trading hours on Wednesday, hitting $27.64. 2,628,894 shares of the company's stock traded hands, compared to its average volume of 3,304,368. Axalta Coating Systems has a 12-month low of $24.94 and a 12-month high of $35.72. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.17 and a beta of 1.29. The company has a fifty day simple moving average of $31.45 and a 200-day simple moving average of $30.48. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.06 and a quick ratio of 1.50.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the firm posted $0.60 earnings per share. Axalta Coating Systems's quarterly revenue was down 3.7% compared to the same quarter last year. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities research analysts anticipate that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 603 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Axalta Coating Systems in the 4th quarter worth $30,000. Summit Securities Group LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $32,000. Los Angeles Capital Management LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $35,000. Finally, IFP Advisors Inc raised its stake in shares of Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 577 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

About Axalta Coating Systems

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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