Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) - Analysts at Seaport Res Ptn increased their Q2 2024 EPS estimates for shares of Axalta Coating Systems in a research note issued on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will earn $0.50 per share for the quarter, up from their prior estimate of $0.49. The consensus estimate for Axalta Coating Systems' current full-year earnings is $1.90 per share. Seaport Res Ptn also issued estimates for Axalta Coating Systems' Q4 2025 earnings at $0.61 EPS.
Other research analysts also recently issued research reports about the company. Wolfe Research initiated coverage on Axalta Coating Systems in a report on Friday, March 1st. They set a "peer perform" rating on the stock. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and raised their price target for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Barclays boosted their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.00.
Get Our Latest Stock Analysis on AXTA
Axalta Coating Systems Price Performance
Shares of NYSE AXTA traded up $0.38 during trading on Friday, reaching $35.21. The company had a trading volume of 3,991,263 shares, compared to its average volume of 2,144,088. Axalta Coating Systems has a 52 week low of $25.03 and a 52 week high of $35.31. The business's 50 day moving average price is $32.78 and its 200-day moving average price is $31.82. The stock has a market cap of $7.77 billion, a PE ratio of 31.71, a PEG ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. Axalta Coating Systems's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS.
Institutional Investors Weigh In On Axalta Coating Systems
Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 338 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Axalta Coating Systems by 12,022.2% in the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth approximately $48,000. CWM LLC raised its position in Axalta Coating Systems by 35.6% during the third quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company's stock worth $67,000 after acquiring an additional 649 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Axalta Coating Systems in the 4th quarter valued at $88,000. Institutional investors own 98.28% of the company's stock.
About Axalta Coating Systems
(
Get Free Report)
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.
Recommended Stories
Before you consider Axalta Coating Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axalta Coating Systems wasn't on the list.
While Axalta Coating Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
