Axalta Coating Systems (NYSE:AXTA) Rating Lowered to Hold at Baird R W

Axalta Coating Systems (NYSE:AXTA) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Robert W. Baird restated a “neutral” rating and issued a $35.00 target price (down previously from $42.00) on shares of Axalta Coating Systems in a research note on Wednesday. Evercore ISI reiterated an “in-line” rating and issued a $32.00 price objective (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Bank of America lowered their price target on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $36.12.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $32.39 on Wednesday. The firm has a fifty day moving average of $30.34 and a two-hundred day moving average of $29.88. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.31 and a beta of 1.29. Axalta Coating Systems has a 52 week low of $26.28 and a 52 week high of $38.37.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. As a group, equities research analysts predict that Axalta Coating Systems will post 2.55 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AXTA. Cullen Frost Bankers Inc. acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at $37,000. IFP Advisors Inc bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth $39,000. FNY Investment Advisers LLC bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth $49,000. GAMMA Investing LLC boosted its stake in Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 504 shares in the last quarter. Finally, True Wealth Design LLC grew its position in 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 acquiring an additional 1,687 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.