Axalta Coating Systems (NYSE:AXTA) Given “In-Line” Rating at Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Axalta Coating Systems (NYSE:AXTA) in a research note published on Thursday, Marketbeat reports. The firm currently has a $32.00 target price on the specialty chemicals company’s stock, down from their previous target price of $47.00.

A number of other equities analysts have also weighed in on AXTA. Zacks Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Citigroup reiterated a “neutral” rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Royal Bank Of Canada decreased their price target on Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Wells Fargo & Company decreased their price target on Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.64.

Axalta Coating Systems Stock Up 0.4%

Shares of Axalta Coating Systems stock opened at $28.19 on Thursday. Axalta Coating Systems has a twelve month low of $27.37 and a twelve month high of $41.65. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.63 and a beta of 1.25. The business’s 50 day simple moving average is $29.97 and its 200-day simple moving average is $30.80. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts forecast that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the completion of the sale, the senior vice president owned 12,087 shares of the company’s stock, valued at $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Axalta Coating Systems

Several hedge funds have recently made changes to their positions in AXTA. Financial Management Professionals Inc. grew its stake in shares of Axalta Coating Systems by 11,757.1% in the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 823 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Axalta Coating Systems by 105.9% in the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 488 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $37,000. IFP Advisors Inc acquired a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $39,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Axalta Coating Systems by 951.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 1,199 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.