Axalta Coating Systems (NYSE:AXTA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Axalta Coating Systems (NYSE:AXTA) had its price objective upped by Wells Fargo & Company from $38.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 36.17% from the company’s previous close.

Several other equities analysts have also issued reports on AXTA. Mizuho decreased their target price on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada decreased their price objective on shares of Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Evercore ISI reissued an “in-line” rating and issued a $32.00 price target (down previously from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. Finally, UBS Group decreased their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.38.

Axalta Coating Systems Stock Down 2.8%

Shares of NYSE:AXTA opened at $28.64 on Wednesday. The company has a 50 day moving average of $29.48 and a 200-day moving average of $30.21. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.53. Axalta Coating Systems has a one year low of $26.28 and a one year high of $41.65. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.57 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. On average, sell-side analysts forecast that Axalta Coating Systems will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total transaction of $99,205.64. Following the completion of the transaction, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXTA. Golden State Wealth Management LLC boosted 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 valued at $31,000 after buying an additional 488 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Axalta Coating Systems in the second quarter valued at $37,000. IFP Advisors Inc acquired a new stake in Axalta Coating Systems in the second quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Axalta Coating Systems by 951.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 1,199 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Axalta Coating Systems in the second quarter valued at $49,000. 98.28% of the stock is owned by institutional investors and hedge funds.

About Axalta Coating Systems

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.