KeyCorp reissued their sector weight rating on shares of Axalta Coating Systems (NYSE:AXTA – Free Report) in a research note released on Tuesday morning, MarketBeat reports. KeyCorp also issued estimates for Axalta Coating Systems’ Q4 2024 earnings at $0.47 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.64 EPS and FY2026 earnings at $2.75 EPS.
Several other brokerages have also recently weighed in on AXTA. Mizuho raised their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Evercore ISI initiated coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.
Get Our Latest Analysis on Axalta Coating Systems
Axalta Coating Systems Stock Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities analysts expect that Axalta Coating Systems will post 2.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Axalta Coating Systems
Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in Axalta Coating Systems by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock worth $466,000 after purchasing an additional 1,500 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Axalta Coating Systems by 15.4% in the second quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock valued at $3,876,000 after buying an additional 15,160 shares during the period. Fifth Third Bancorp grew its position in Axalta Coating Systems by 180.5% during the second quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 1,993 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Axalta Coating Systems during the 2nd quarter worth $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Axalta Coating Systems by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock valued at $1,561,000 after acquiring an additional 1,111 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.
About Axalta Coating Systems
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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