Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) – Stock analysts at Seaport Res Ptn lowered their FY2026 earnings estimates for shares of Axalta Coating Systems in a report issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $2.71 for the year, down from their prior forecast of $2.83. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $2.15 per share.
Other equities research analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research report on Friday, January 17th. Barclays lifted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Mizuho lowered their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.
Axalta Coating Systems Trading Down 0.4 %
AXTA opened at $36.73 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $8.01 billion, a PE ratio of 24.81, a PEG ratio of 0.74 and a beta of 1.46. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The firm has a 50-day moving average price of $37.04 and a two-hundred day moving average price of $36.29.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in Axalta Coating Systems by 0.7% during the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock valued at $246,923,000 after purchasing an additional 46,813 shares during the period. Geode Capital Management LLC lifted its stake in Axalta Coating Systems by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after buying an additional 31,894 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Axalta Coating Systems by 19.5% in the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company’s stock valued at $99,597,000 after buying an additional 475,493 shares in the last quarter. Millennium Management LLC lifted its stake in Axalta Coating Systems by 89.7% in the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after buying an additional 1,292,434 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Axalta Coating Systems by 4.2% in the third quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company’s stock valued at $75,883,000 after buying an additional 84,594 shares in 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.
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