KeyCorp Research Analysts Lower Earnings Estimates for AXTA

Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) - KeyCorp reduced their Q4 2024 earnings per share estimates for Axalta Coating Systems in a research note issued on Monday, December 16th. KeyCorp analyst A. Yefremov now expects that the specialty chemicals company will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.50. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for Axalta Coating Systems' current full-year earnings is $2.16 per share. KeyCorp also issued estimates for Axalta Coating Systems' 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 commented on AXTA. Evercore ISI started coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. Mizuho lifted their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday. Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $45.00 to $41.00 in a report on Wednesday. Finally, Royal Bank of Canada boosted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Four equities research 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 MarketBeat.com, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

Axalta Coating Systems Stock Down 1.6 %

AXTA stock traded down $0.57 during mid-day trading on Thursday, hitting $34.44. The stock had a trading volume of 2,645,035 shares, compared to its average volume of 1,993,596. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The company has a fifty day moving average of $38.42 and a 200 day moving average of $36.31. 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 $7.51 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 0.83 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly 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. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the company posted $0.45 EPS. Axalta Coating Systems's revenue was up .8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AXTA. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock valued at $512,890,000 after acquiring an additional 137,209 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after purchasing an additional 550,970 shares in the last quarter. State Street Corp increased its position in shares of 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. Dimensional Fund Advisors LP raised its stake in shares of Axalta Coating Systems by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock valued at $128,852,000 after purchasing an additional 302,752 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $132,823,000 after purchasing an additional 31,894 shares during the period. Institutional investors and hedge funds 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.