Axalta Coating Systems Ltd. (NYSE:AXTA) Receives $36.19 Consensus PT from Analysts

by · The Markets Daily

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $36.1875.

A number of equities analysts have weighed in on the company. Evercore ISI reissued an “in-line” rating and issued a $32.00 target price (down previously from $47.00) on shares of Axalta Coating Systems in a research report on Thursday, October 2nd. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 29th. Bank of America lowered their price objective on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $30.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday, November 19th. Finally, Zacks Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th.

Read Our Latest Stock Analysis on AXTA

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $32.36 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59. The company has a market capitalization of $6.90 billion, a PE ratio of 15.48, a PEG ratio of 1.30 and a beta of 1.29. Axalta Coating Systems has a 1-year low of $26.28 and a 1-year high of $38.37. The business has a fifty day moving average price of $29.91 and a 200-day moving average price of $29.74.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. As a group, equities analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Several hedge funds and other institutional investors have recently bought and sold shares of AXTA. Westwood Holdings Group Inc. lifted its stake in Axalta Coating Systems by 22.2% in the second 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 during the last quarter. Prudential Financial Inc. grew its position in shares of Axalta Coating Systems by 185.9% during the 2nd quarter. Prudential Financial Inc. now owns 139,240 shares of the specialty chemicals company’s stock worth $4,134,000 after buying an additional 90,546 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Axalta Coating Systems by 23.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 166,639 shares of the specialty chemicals company’s stock valued at $4,769,000 after purchasing an additional 32,196 shares during the period. Schroder Investment Management Group increased its holdings in Axalta Coating Systems by 56.0% during the second quarter. Schroder Investment Management Group now owns 645,464 shares of the specialty chemicals company’s stock valued at $19,280,000 after buying an additional 231,721 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Axalta Coating Systems by 159.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,651 shares of the specialty chemicals company’s stock valued at $1,224,000 after acquiring an additional 24,345 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

About Axalta Coating Systems

(Get Free Report)

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.

Featured Stories