Evercore ISI Reaffirms "In-Line" Rating for Axalta Coating Systems (NYSE:AXTA)

Key Points

• Evercore ISI has reiterated an "in-line" rating for Axalta Coating Systems with a price target reduced to $32.00, down from a previous target of $47.00, indicating a potential upside of 13.90% from current levels.
• Analysts show mixed sentiments with Citigroup maintaining a "neutral" rating at $34.00 and BMO Capital Markets downgrading from "outperform" to "market perform" with a target of $33.00.
• Axalta's recent quarterly earnings surpassed expectations with $0.64 EPS, beating the consensus estimate, despite a year-over-year revenue decline of 3.4%.

Axalta Coating Systems (NYSE:AXTA - Get Free Report)'s stock had its "in-line" rating reiterated by equities research analysts at Evercore ISI in a research note issued on Thursday,Benzinga reports. They currently have a $32.00 price objective on the specialty chemicals company's stock, down from their prior price objective of $47.00. Evercore ISI's target price would indicate a potential upside of 13.90% from the company's current price.

AXTA has been the topic of a number of other reports. Citigroup restated a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. BMO Capital Markets downgraded shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Friday, July 18th. Zacks Research raised shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada lowered their target price on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems has an average rating of "Hold" and a consensus target price of $36.64.

Axalta Coating Systems Trading Down 1.8%

NYSE AXTA opened at $28.10 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. The firm has a market cap of $6.08 billion, a PE ratio of 13.77, a P/E/G ratio of 1.66 and a beta of 1.25. Axalta Coating Systems has a one year low of $27.37 and a one year high of $41.65. The firm's fifty day moving average is $30.00 and its two-hundred day moving average is $30.85.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. Axalta Coating Systems's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts expect that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insider Activity

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Cullen Capital Management LLC increased its stake in shares of Axalta Coating Systems by 3.6% during the 2nd quarter. Cullen Capital Management LLC now owns 102,987 shares of the specialty chemicals company's stock worth $3,058,000 after purchasing an additional 3,541 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Axalta Coating Systems by 10.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 166,275 shares of the specialty chemicals company's stock worth $4,937,000 after purchasing an additional 16,169 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Axalta Coating Systems by 133.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,668 shares of the specialty chemicals company's stock worth $625,000 after purchasing an additional 11,253 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Axalta Coating Systems by 22.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company's stock worth $21,289,000 after purchasing an additional 130,347 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Axalta Coating Systems by 16.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 215,347 shares of the specialty chemicals company's stock valued at $6,395,000 after buying an additional 30,662 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

About Axalta Coating Systems

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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