Evercore ISI initiated coverage on Axalta Coating Systems with a new price target
$AXTA
Paints/Coatings
Consumer Discretionary
Evercore ISI initiated coverage of Axalta Coating Systems with a rating of Outperform and set a new price target of $47.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $47.00 | Outperform | Evercore ISI |
| 3/1/2024 | Peer Perform | Wolfe Research | |
| 1/8/2024 | $35.00 → $36.00 | Buy → Neutral | UBS |
| 6/14/2023 | $37.00 | Buy | Citigroup |
| 2/17/2023 | $30.00 → $36.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 1/30/2023 | $30.29 → $35.19 | Neutral → Buy | Citigroup |
| 1/30/2023 | $25.00 → $40.00 | Hold → Buy | Deutsche Bank |
| 10/28/2022 | $27.00 | Outperform → Neutral | Exane BNP Paribas |
SC 13G - Axalta Coating Systems Ltd. (0001616862) (Subject)
SC 13G/A - Axalta Coating Systems Ltd. (0001616862) (Subject)
SC 13G/A - Axalta Coating Systems Ltd. (0001616862) (Subject)
8-K - Axalta Coating Systems Ltd. (0001616862) (Filer)
10-Q - Axalta Coating Systems Ltd. (0001616862) (Filer)
8-K - Axalta Coating Systems Ltd. (0001616862) (Filer)
PHILADELPHIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, has announced that Chris Villavarayan, CEO and President, and Rakesh Sachdev, chair of the board, will commemorate 10 years as a publicly traded company by ringing the opening bell at the New York Stock Exchange (NYSE) on Nov. 18, 2024. Axalta's senior leadership team and employees from the Philadelphia area will also participate in this highly respected and time-honored tradition. "Ringing the bell at the NYSE is a fitting celebration for Axalta at this point in our history," said Mr. Villavarayan. "The ONE Axalta team has changed the industry with purpose-driven innovation developed fo
PHILADELPHIA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, has announced its global headquarters at the Philadelphia Navy Yard, marked by a ceremonial ribbon-cutting and an employee appreciation event. This strategic relocation from Delaware County to the Navy Yard integrates the headquarters with Axalta's Global Innovation Center, unifying operations under the ONE Axalta initiative to enhance collaboration and streamline decision-making. "We are thrilled to celebrate the Axalta headquarters and Global Innovation Center," said Chris Villavarayan, CEO and President of Axalta. "As ONE Axalta, our priority is to create a collaborative environment
PHILADELPHIA, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Record third quarter net sales of $1.32 billionNet income increased 40% year over year to $102 million; net income margin of 7.7%Record third quarter Adjusted EBITDA of $291 millionAdjusted EBITDA margin improved 220 basis points year over year to 22.1%Diluted EPS increased 39% year over year to $0.46 and Adjusted Diluted EPS increased 31% year over year to $0.59Repurchased $50 million of common shares Third Quarter 2024 Consolidated Financial R
PHILADELPHIA, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Record third quarter net sales of $1.32 billionNet income increased 40% year over year to $102 million; net income margin of 7.7%Record third quarter Adjusted EBITDA of $291 millionAdjusted EBITDA margin improved 220 basis points year over year to 22.1%Diluted EPS increased 39% year over year to $0.46 and Adjusted Diluted EPS increased 31% year over year to $0.59Repurchased $50 million of common shares Third Quarter 2024 Consolidated Financial R
PHILADELPHIA, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its third-quarter 2024 financial results at 6 a.m. ET on Wednesday, October 30. The release and supporting materials will be posted to Axalta's Investor Relations site. In addition, the company will host a conference call at 8 a.m. ET on October 30. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the cal
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. Second Quarter 2024 Highlights: Net sales increased 4.4% year over year to $1.35 billionNet income increased $52 million year over year to $113 millionAdjusted EBITDA increased $64 million year over year to $291 million with Adjusted EBITDA margin improving 400 basis points year over year to 21.5%Diluted EPS increased 89% year over year to $0.51 and Adjusted Diluted EPS increased 63% year over year to $0.57Net leverage ratio of 2.6xRepurchased $50 million of common sharesIncreased
Evercore ISI initiated coverage of Axalta Coating Systems with a rating of Outperform and set a new price target of $47.00
Wolfe Research initiated coverage of Axalta Coating Systems with a rating of Peer Perform
UBS downgraded Axalta Coating Systems from Buy to Neutral and set a new price target of $36.00 from $35.00 previously
UBS analyst Joshua Spector maintains Axalta Coating Sys (NYSE:AXTA) with a Neutral and lowers the price target from $39 to $38.
During the last three months, 9 analysts shared their evaluations of Axalta Coating Sys (NYSE:AXTA), revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 6 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 6 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Axalta Coating Sys, presenting an average target of $40.67, a high estimate of $45.00, and a low estimate of $38.00. This upward trend
Mizuho analyst John Roberts maintains Axalta Coating Sys (NYSE:AXTA) with a Buy and raises the price target from $38 to $41.
4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)
4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)
4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)
PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Chris Evans has been appointed Vice President, Global Strategy and Colleen Lubic has been appointed Vice President, Investor Relations. The appointments are effective immediately and further demonstrate Axalta's bench strength. Evans has served as Axalta's VP, Investor Relations since early 2022. Prior to joining the company, he led the Investor Relations function for Ecovyst and was Director of Investor Relations and Corporate Strategy for Chemours. He also covered the U.S. chemical industry for more than four years as a sell-side equity analyst
GLEN MILLS, Pa., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Mary S. Zappone, current Chief Executive Officer of Sundyne LLC, a leader in the design and manufacture of mission critical pumps and compressors, has been appointed to Axalta's Board of Directors as an independent director, effective as of October 25, 2023. She will serve on the Audit and Environment, Health, Safety and Sustainability Committees. Axalta also announced that Steven M. Chapman has decided that he will not stand for re-election at Axalta's 2024 Annual General Meeting of Members. "We are pleased to welcome Mary to our Board of Dir
GLEN MILLS, Pa., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta" or the "Company"), a leading global coatings company, today announced that Brian Berube has decided to retire as Senior Vice President, General Counsel & Corporate Secretary at the end of this year. Alex Tablin-Wolf, who currently serves as Vice President and Associate General Counsel, has been appointed his successor effective January 1, 2024. Mr. Tablin-Wolf will become Senior Vice President, General Counsel and Corporate Secretary at that time, reporting directly to Axalta CEO and President, Chris Villavarayan. "On behalf of our Board and the entire organization, I want to thank Brian