Axalta Coating Systems (NYSE:AXTA) Rating Lowered to Sector Perform at Royal Bank Of Canada

Axalta Coating Systems (NYSE:AXTA) was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $30.00 target price on the specialty chemicals company’s stock, down from their previous target price of $35.00. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.47% from the stock’s current price.

A number of other research firms have also recently weighed in on AXTA. Evercore ISI restated 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Mizuho lowered their target price on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Vertical Research set a $37.00 price target on Axalta Coating Systems and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company lifted their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.06.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $28.72 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. Axalta Coating Systems has a 52-week low of $26.28 and a 52-week high of $41.65. The company has a 50-day simple moving average of $28.62 and a 200-day simple moving average of $29.87. The company has a market capitalization of $6.13 billion, a PE ratio of 13.74, a P/E/G ratio of 1.10 and a beta of 1.31.

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, 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 $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. Equities research analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of large investors have recently made changes to their positions in AXTA. Cullen Frost Bankers Inc. purchased a new stake in Axalta Coating Systems during the 2nd quarter worth about $37,000. IFP Advisors Inc acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter worth about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Axalta Coating Systems by 951.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 1,199 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $49,000. Finally, True Wealth Design LLC raised its position in shares of Axalta Coating Systems by 1,533.6% in the third quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 1,687 shares during the last quarter. Institutional investors and hedge funds 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.