Stock of the Day

May 4, 2021

Axalta Coating Systems (AXTA)

$33.72
+$0.54 (+1.6%)
Market Cap: $7.10B

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. It also offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. In addition, the company provides functional and decorative liquid, and powder coatings used in various industrial applications, including building materials, cabinet, wood and luxury vinyl flooring and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Ceranamel, Industrial, Corlar Industrial, Tufcote, Imron Industrial, Alesta, Teodur, Nap-Gard, Abcite, and Plascoat brands for powder coatings. Further, it develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, MDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. The company offers products under the Audurra, Abcite, Alesta, AquaEC, Centari, Ceranamel, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Glen Mills, Pennsylvania.

Today's Trend

Axalta Coating Systems Ltd. (NYSE: AXTA) shares have increased as new analyst coverage provided a favorable outlook for the specialty chemicals company.

  • KeyCorp initiated coverage with an “overweight” rating and a $47 price target, implying substantial upside from the recent trading level. The bullish rating is likely the main catalyst supporting AXTA’s move higher. KeyCorp initiates coverage of Axalta Coating Systems
  • KeyCorp expects Axalta to earn approximately $3.00 per share in fiscal 2027 and $3.20 in fiscal 2028, well above the current-year consensus estimate of $2.64. The projections suggest confidence in longer-term earnings growth and could support investor interest.
  • KeyCorp’s quarterly estimates call for $0.72 EPS in the third quarter of 2026 and $0.67 EPS in the fourth quarter. These forecasts provide an updated earnings framework but do not represent a change to company guidance.
  • A Zacks comparison examines whether Axalta or Hawkins (HWKN) offers the better value among specialty chemical stocks. The article may influence value-focused investors, although the provided report does not identify a definitive winner or announce a fundamental change at Axalta. AXTA versus HWKN value comparison

Overall, the news is modestly positive for AXTA: the new overweight rating, $47 target, and expectations for rising earnings through fiscal 2028 reinforce the bullish case. Investors should still watch valuation and upcoming quarterly results, since the stock remains below its 52-week high and future gains depend on Axalta delivering the projected earnings growth.

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