Axalta
AXTA

$34.57

1.2%

Market Cap: $7.58B

About: Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

Employees: 12,000

Materials Paints, Varnishes, Lacquers, Enamels & Allied Products

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 44

3% more funds holding

Funds holding: 361 [Q1] → 372 (+11) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 124

2% less capital invested

Capital invested by funds: $7.63B [Q1] → $7.5B (-$128M) [Q2]

1.28% less ownership

Funds ownership: 100.75% [Q1] → 99.47% (-1.28%) [Q2]

13% less call options, than puts

Call options by funds: $13.1M | Put options by funds: $15.1M

43% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 4 (-3) [Q2]

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Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$38

10%

upside

Avg. target

$42

21%

upside

High target

$44

27%

upside

6 analyst ratings

5 positive

83%

1 neutral

17%

0 negative

0%

RBC Capital Arun Viswanathan 57% 1-year accuracy 35 / 61 met price target	27%upside $44	Outperform Maintained	5 Aug 2024
JP Morgan Jeffrey Zekauskas 76% 1-year accuracy 25 / 33 met price target	19%upside $41	Overweight Maintained	5 Aug 2024
Keybanc Aleksey Yefremov 39% 1-year accuracy 19 / 49 met price target	27%upside $44	Overweight Maintained	2 Aug 2024
Baird Ghansham Panjabi 48% 1-year accuracy 13 / 27 met price target	21%upside $42	Outperform Maintained	2 Aug 2024
Barclays Michael Leithead 70% 1-year accuracy 14 / 20 met price target	21%upside $42	Overweight Maintained	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about AXTA published over the past 30 days

Zacks Investment Research

Axalta Coating Systems' Stock Up 11% in 6 Months: What's Driving It?

AXTA shares climb on strong second-quarter results and upwardly revised earnings estimates.

Axalta Coating Systems' Stock Up 11% in 6 Months: What's Driving It?

Axalta Introduces Axalta Irus Scan, a Next-Generation Spectrophotometer, for Refinish Customers

Innovation helps customers improve productivity, optimize labor, and reduce waste while delivering accurate color matches Innovation helps customers improve productivity, optimize labor, and reduce waste while delivering accurate color matches

Axalta Introduces Axalta Irus Scan, a Next-Generation Spectrophotometer, for Refinish Customers

Axalta's Self-Improvement Not Yet Fully Rewarded

Axalta produced healthy Q2 results with 5% organic revenue growth and 28% adjusted EBITDA growth and raised FY'24 margin and FCF guidance. Axalta notably outperformed rivals like PPG and showed impressive volume growth across a range of end markets that have seen weakening trends. Maintaining this pace of volume outgrowth will be challenging, but management has multiple avenues of growth to pursue, including R&D-driven product introductions, operational efficiency, and improved go-to-market.

Axalta's Self-Improvement Not Yet Fully Rewarded

Axalta Coating Systems Ltd. (AXTA) Q2 2024 Earnings Call Transcript

Axalta Coating Systems Ltd. (NYSE:AXTA ) Q2 2024 Earnings Call August 1, 2024 8:00 AM ET Company Participants Colleen Lubic - Vice President, Investor Relations Chris Villavarayan - President and Chief Executive Officer Carl Anderson - Senior Vice President and Chief Financial Officer Conference Call Participants Aleksey Yefremov - KeyBanc Capital Markets John McNulty - BMO Capital Markets Chris Parkinson - Wolfe Research Mike Leithead - Barclays Matt Krueger - Baird Steve Haynes - Morgan Stanley Josh Spector - UBS Mike Harrison - Seaport Research Partners Rock Hoffman - Bank of America Edlain Rodriguez - Mizuho Securities Matthew Hettwer - Vertical Research Partners Mike Sison - Wells Fargo Operator Ladies and gentlemen, thank you for standing by.

Axalta Coating Systems Ltd. (AXTA) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, Axalta Coating Systems (AXTA) Q2 Earnings: A Look at Key Metrics

The headline numbers for Axalta Coating Systems (AXTA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Axalta Coating Systems (AXTA) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Axalta Coating Systems (AXTA) Q2 Earnings and Revenues Beat Estimates

Axalta Coating Systems (AXTA) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.35 per share a year ago.

Axalta Coating Systems (AXTA) Q2 Earnings and Revenues Beat Estimates

Axalta Releases Second Quarter 2024 Results

PHILADELPHIA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2024.

Axalta Releases Second Quarter 2024 Results

Zacks Investment Research

Ahead of Axalta Coating Systems (AXTA) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Axalta Coating Systems (AXTA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Ahead of Axalta Coating Systems (AXTA) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Zacks Investment Research

Can These 4 Chemical Stocks Hit Targets This Earnings Season?

Chemical companies are expected to have benefited from demand recovery across key end markets and moderated de-stocking activities. Let's see how APD, CE, CC and AXTA are poised ahead of their earnings releases.

Can These 4 Chemical Stocks Hit Targets This Earnings Season?

Zacks Investment Research

Axalta Coating Systems (AXTA) Earnings Expected to Grow: Should You Buy?

Axalta Coating Systems (AXTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Axalta Coating Systems (AXTA) Earnings Expected to Grow: Should You Buy?

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