Recent Analysts’ Ratings Updates for Axalta Coating Systems (AXTA)

A number of research firms have changed their ratings and price targets for Axalta Coating Systems (NYSE: AXTA):

• 11/13/2024 – Axalta Coating Systems had its price target raised by analysts at BMO Capital Markets from $46.00 to $48.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Axalta Coating Systems is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $47.00 price target on the stock.
• 11/1/2024 – Axalta Coating Systems had its price target raised by analysts at Barclays PLC from $42.00 to $44.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Axalta Coating Systems had its price target raised by analysts at Royal Bank of Canada from $44.00 to $46.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – Axalta Coating Systems had its price target raised by analysts at KeyCorp from $44.00 to $45.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Axalta Coating Systems had its price target raised by analysts at Mizuho from $42.00 to $43.00. They now have an “outperform” rating on the stock.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $40.66 on Friday. The firm’s fifty day moving average is $36.56 and its 200-day moving average is $35.54. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $40.91. The firm has a market cap of $8.87 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AXTA. Plato Investment Management Ltd acquired a new position in Axalta Coating Systems during the 2nd quarter worth approximately $30,000. True Wealth Design LLC bought a new position in shares of Axalta Coating Systems in the third quarter valued at $37,000. First Horizon Advisors Inc. increased its position in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 266 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 747 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Axalta Coating Systems in the 3rd quarter valued at about $54,000. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.