Seaport Res Ptn Equities Analysts Boost Earnings Estimates for Axalta Coating Systems Ltd. (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTA) – Analysts at Seaport Res Ptn increased their FY2024 EPS estimates for shares of Axalta Coating Systems in a report released on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $1.98 per share for the year, up from their prior estimate of $1.89. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.99 per share. Seaport Res Ptn also issued estimates for Axalta Coating Systems’ Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.60 EPS and FY2025 earnings at $2.33 EPS.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. Royal Bank of Canada lifted their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Wolfe Research assumed coverage on Axalta Coating Systems in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, KeyCorp lifted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Axalta Coating Systems Trading Up 2.1 %

Shares of AXTA stock opened at $36.21 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. The stock has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $32.09. Axalta Coating Systems has a fifty-two week low of $25.03 and a fifty-two week high of $36.22. The stock has a market capitalization of $7.99 billion, a P/E ratio of 32.62, a P/E/G ratio of 1.01 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Institutional Investors Weigh In On Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares in the last quarter. TFO Wealth Partners LLC raised its position in Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 1,082 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $48,000. Kapitalo Investimentos Ltda bought a new stake in Axalta Coating Systems in the fourth quarter worth approximately $88,000. Finally, CWM LLC increased its stake in shares of Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other 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.