Axalta Coating Systems (NYSE:AXTA) Lowered to Hold Rating by Baird R W

Axalta Coating Systems (NYSE:AXTA) was downgraded by equities research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. decreased their target price on Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $30.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a report on Wednesday, November 19th. UBS Group dropped their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Citigroup lifted their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Finally, Mizuho decreased their price target on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus price target of $36.12.

Axalta Coating Systems Stock Down 1.5%

Shares of AXTA stock opened at $32.45 on Wednesday. Axalta Coating Systems has a 52-week low of $26.28 and a 52-week high of $38.37. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.20 and a beta of 1.29. The firm’s 50-day moving average is $30.27 and its 200-day moving average is $29.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.Axalta Coating Systems’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last 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. Sell-side analysts predict that Axalta Coating Systems will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Axalta Coating Systems by 12.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock valued at $447,653,000 after purchasing an additional 1,773,038 shares during the period. Millennium Management LLC raised its position in shares of Axalta Coating Systems by 475.3% in the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Axalta Coating Systems by 18.0% in the third quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company’s stock valued at $145,829,000 after buying an additional 778,222 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 0.3% in the second quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock valued at $114,301,000 after buying an additional 11,749 shares during the period. Finally, AQR Capital Management LLC grew its position in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock worth $107,739,000 after buying an additional 1,506,083 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Company Profile

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.