Axalta Coating Systems (NYSE:AXTA) Sees Strong Trading Volume – What’s Next?

Axalta Coating Systems Ltd. (NYSE:AXTA) shares saw unusually-high trading volume on Wednesday . Approximately 3,496,950 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 2,834,414 shares.The stock last traded at $30.9470 and had previously closed at $30.01.

Analysts Set New Price Targets

Several analysts have issued reports on AXTA shares. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. Mizuho dropped their target price on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Royal Bank Of Canada dropped their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Robert W. Baird set a $37.00 price target on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.15.

Axalta Coating Systems Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. The business’s 50 day moving average price is $28.10 and its 200 day moving average price is $30.45. The stock has a market capitalization of $6.51 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Large investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership lifted its stake in shares of Axalta Coating Systems by 887.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after purchasing an additional 11,301,977 shares during the period. Millennium Management LLC raised its holdings in 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 acquiring an additional 6,475,786 shares in the last quarter. Channing Capital Management LLC raised its holdings in Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after acquiring an additional 2,644,783 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in Axalta Coating Systems in the fourth quarter valued at approximately $66,236,000. Finally, UBS Group AG lifted its holdings in Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock valued at $93,780,000 after acquiring an additional 1,958,395 shares during the period. Institutional investors own 98.28% of the company’s stock.

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.