Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Eleven of 15 analysts rate Axalta Coating Systems neutral, while four recommend buying. The average 12-month price target is $36.00, near the stock’s reported $35.88 price.
• Recent earnings exceeded expectations: Axalta reported quarterly EPS of $0.72 versus the $0.65 consensus estimate, while revenue reached $1.35 billion and rose 3.1% year over year.
• Institutional ownership is substantial: Hedge funds and other institutions own 98.28% of the company, with major investors including BlackRock, Barrow Hanley and Artisan Partners.

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) have been given an average recommendation of "Hold" by the fifteen analysts that are presently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.00.

Several research firms recently commented on AXTA. Weiss Ratings upgraded Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Robert W. Baird upped their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. UBS Group reaffirmed a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a "buy" rating and a $44.00 price objective for the company.

Axalta Coating Systems Price Performance

AXTA opened at $35.88 on Friday. The stock has a 50-day moving average price of $35.10 and a 200-day moving average price of $31.84. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The firm has a market cap of $7.68 billion, a PE ratio of 22.15, a P/E/G ratio of 1.66 and a beta of 1.24. Axalta Coating Systems has a 1 year low of $24.94 and a 1 year high of $38.61.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.64 EPS. Axalta Coating Systems's revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. Sell-side analysts predict that Axalta Coating Systems will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in AXTA. BlackRock Inc. purchased a new position in shares of Axalta Coating Systems in the 2nd quarter worth $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Axalta Coating Systems during the second quarter valued at $599,029,000. Artisan Partners Limited Partnership lifted its holdings in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company's stock valued at $406,328,000 after acquiring an additional 11,301,977 shares during the period. California State Teachers Retirement System lifted its holdings in Axalta Coating Systems by 3,242.7% in the second quarter. California State Teachers Retirement System now owns 8,434,032 shares of the specialty chemicals company's stock valued at $288,613,000 after acquiring an additional 8,181,723 shares during the period. Finally, Lakewood Capital Management LP bought a new position in Axalta Coating Systems in the second quarter valued at about $117,157,000. 98.28% of the stock is currently owned by hedge funds and other 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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