Axalta Coating Systems (NYSE:AXTA) Given New $42.00 Price Target at Citigroup

Axalta Coating Systems (NYSE:AXTA) had its target price trimmed by Citigroup from $45.00 to $42.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group upped their target price on Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research note on Wednesday, February 11th. Royal Bank Of Canada raised their target price on Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $36.44.

Axalta Coating Systems Stock Down 0.2%

AXTA opened at $27.64 on Wednesday. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $35.72. The firm has a market capitalization of $5.90 billion, a P/E ratio of 15.88, a PEG ratio of 1.22 and a beta of 1.29. The company’s 50-day moving average is $31.34 and its 200 day moving average is $30.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.06 and a quick ratio of 1.50.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Research analysts expect 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 bought and sold shares of the company. Verdence Capital Advisors LLC lifted its position in shares of Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after buying an additional 330 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Axalta Coating Systems by 4.2% in the 3rd quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock worth $328,000 after acquiring an additional 464 shares during the last quarter. GAMMA Investing LLC raised its stake in Axalta Coating Systems by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 504 shares during the period. Principal Securities Inc. raised its stake in Axalta Coating Systems by 7.5% in the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock valued at $236,000 after acquiring an additional 511 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in Axalta Coating Systems by 2.2% during the fourth quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock valued at $863,000 after purchasing an additional 576 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other 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.