Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Barclays

Axalta Coating Systems (NYSE:AXTA) was upgraded by analysts at Barclays to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

A number of other research firms also recently commented on AXTA. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. The Goldman Sachs Group restated a “buy” rating and issued a $38.00 price objective on shares of Axalta Coating Systems in a report on Friday, October 9th. Mizuho lifted their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Finally, UBS Group dropped their target price on Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.18.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $33.16 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Axalta Coating Systems has a twelve month low of $24.94 and a twelve month high of $38.61. The stock has a market capitalization of $7.10 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.55 and a beta of 1.26. The company has a 50 day moving average of $34.63 and a 200-day moving average of $32.38.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts forecast that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Axalta Coating Systems in the 2nd quarter valued at about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $599,029,000. Dimensional Fund Advisors LP lifted its holdings in shares of Axalta Coating Systems by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock worth $213,143,000 after acquiring an additional 754,098 shares during the period. Lakewood Capital Management LP acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $117,157,000. Finally, Parsifal Capital Management LP acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $82,069,655. Institutional investors and hedge funds own 98.28% of the company’s stock.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.