Axalta Coating Systems (NYSE:AXTA) Stock Rating Lowered by Wells Fargo & Company

Axalta Coating Systems (NYSE:AXTA) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $30.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $39.00. Wells Fargo & Company‘s target price would indicate a potential upside of 3.94% from the company’s previous close.

Several other analysts have also issued reports on AXTA. Mizuho decreased their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Citigroup reduced their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Vertical Research downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.40.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $28.86 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.06 and a quick ratio of 1.50. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.27 and a beta of 1.33. The company’s fifty day moving average is $30.44 and its two-hundred day moving average is $30.31. Axalta Coating Systems has a 52-week low of $24.94 and a 52-week high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities research analysts forecast that Axalta Coating Systems will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC bought a new position in Axalta Coating Systems during the 4th quarter valued at about $955,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Axalta Coating Systems by 64.9% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock valued at $4,543,000 after purchasing an additional 55,350 shares during the last quarter. Kera Capital Partners Inc. lifted its holdings in Axalta Coating Systems by 27.3% during the 4th quarter. Kera Capital Partners Inc. now owns 12,112 shares of the specialty chemicals company’s stock valued at $407,000 after purchasing an additional 2,599 shares during the last quarter. Invesco Ltd. lifted its holdings in Axalta Coating Systems by 9.2% during the 4th quarter. Invesco Ltd. now owns 448,926 shares of the specialty chemicals company’s stock valued at $14,505,000 after purchasing an additional 37,925 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in Axalta Coating Systems during the 4th quarter valued at about $12,830,000. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Company Profile

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.