Axalta Coating Systems (NYSE:AXTA) Given New $34.00 Price Target at JPMorgan Chase & Co.

Axalta Coating Systems (NYSE:AXTA) had its price objective boosted by JPMorgan Chase & Co. from $33.00 to $34.00 in a report issued on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty chemicals company’s stock.

Several other research analysts have also weighed in on AXTA. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Barclays decreased their price target on shares of Axalta Coating Systems from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.55.

Axalta Coating Systems Stock Up 1.1%

Shares of Axalta Coating Systems stock opened at $33.99 on Friday. The business has a fifty day simple moving average of $34.00 and a 200 day simple moving average of $32.34. The stock has a market cap of $7.27 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.26. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.93. Axalta Coating Systems has a 12 month low of $24.94 and a 12 month high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, October 29th. The specialty chemicals company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07). Axalta Coating Systems had a net margin of 6.46% and a return on equity of 21.28%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $0.67 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts predict that Axalta Coating Systems will post 2.44 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mint Tower Capital Management B.V. bought a new stake in Axalta Coating Systems during the 2nd quarter worth about $31,000. Root Financial Partners LLC bought a new stake in Axalta Coating Systems during the third quarter worth about $33,000. Cedar Mountain Advisors LLC acquired a new position in Axalta Coating Systems during the first quarter valued at approximately $30,000. Allworth Financial LP acquired a new position in Axalta Coating Systems during the second quarter valued at approximately $77,000. Finally, GAMMA Investing LLC increased its position in shares of Axalta Coating Systems by 18.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 413 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems News Summary

Here are the key news stories impacting Axalta Coating Systems this week:

• Positive Sentiment: Barclays lowered its price target modestly from $45 to $44 but maintained an “overweight” rating, implying approximately 29.5% potential upside from the referenced price. Barclays lowers Axalta price target
• Positive Sentiment: Axalta guided to approximately $1.10 billion-$1.11 billion in 2026 adjusted EBITDA and forecast fourth-quarter adjusted EPS of about $0.55, giving investors visibility into its near-term profitability expectations. Axalta guidance for 2026 EBITDA and fourth-quarter EPS
• Neutral Sentiment: Management reported third-quarter revenue of approximately $1.31 billion, up 1.8% year over year, while net income was about $95 million. The results indicate continued top-line growth but limited earnings momentum. Axalta third-quarter earnings results
• Negative Sentiment: Third-quarter adjusted EPS was $0.63, below consensus estimates near $0.70-$0.71 and down from $0.67 a year earlier. Revenue also missed expectations of roughly $1.33 billion, increasing concerns about margins and demand. Axalta third-quarter earnings and revenue miss
• Positive Sentiment: Ariel Global Fund highlighted potential cost savings from Axalta’s proposed merger with Akzo Nobel, offering a possible longer-term catalyst if the transaction produces expected synergies. Ariel Global Fund discusses Axalta and Akzo Nobel merger

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. (NYSE: AXTA) develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.

The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.