Royal Bank Of Canada Forecasts Strong Price Appreciation for Axalta Coating Systems (NYSE:AXTA) Stock

Axalta Coating Systems (NYSE:AXTA) had its price objective raised by investment analysts at Royal Bank Of Canada from $34.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 22.21% from the stock’s current price.

A number of other brokerages have also recently commented on AXTA. Citigroup upped their price target on shares of Axalta Coating Systems from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. UBS Group dropped their price objective on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI reissued an “in-line” rating and issued a $32.00 price target (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus target price of $36.38.

Axalta Coating Systems Stock Down 2.8%

AXTA opened at $28.64 on Wednesday. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.57 and a beta of 1.25. Axalta Coating Systems has a twelve month low of $26.28 and a twelve month high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $29.48 and its two-hundred day moving average price is $30.21.

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

Insider Activity

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems 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 sale, the senior vice president directly owned 12,087 shares of the company’s stock, valued at approximately $375,422.22. The trade was a 20.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds have recently added to or reduced their stakes in AXTA. Ilex Capital Partners UK LLP bought a new stake in Axalta Coating Systems during the second quarter worth about $60,571,000. AQR Capital Management LLC lifted its position in Axalta Coating Systems by 301.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,319,863 shares of the specialty chemicals company’s stock worth $68,877,000 after buying an additional 1,742,203 shares during the last quarter. Nuveen LLC bought a new stake in Axalta Coating Systems in the 1st quarter worth approximately $57,682,000. Fuller & Thaler Asset Management Inc. lifted its position in Axalta Coating Systems by 29.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company’s stock worth $240,494,000 after buying an additional 1,663,261 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Axalta Coating Systems by 89.0% in the 1st quarter. Millennium Management LLC now owns 3,087,211 shares of the specialty chemicals company’s stock worth $102,403,000 after buying an additional 1,453,551 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

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.