11 Undervalued Chemical Stocks to Buy Now

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2. Axalta Coating Systems Ltd. (NYSE:AXTA)

Forward P/E: 12.89

Number of Hedge Fund Holders: 49

Axalta Coating Systems Ltd. (NYSE:AXTA) is an American specialty chemicals and materials company that provides coatings for light vehicles, commercial vehicles, refinish applications, building facades, and other industrial applications. With its coating solutions, application systems, and technology, the company serves customers belonging to various industries in more than 140 countries around the world. Axalta Coating Systems Ltd. (NYSE:AXTA) ranks among the best chemical stocks to invest in.

The company reported record Q4 net sales of $1.3 billion in Q4 2024 and record full-year net sales of $5.3 billion in 2024. This performance was partly driven by strategic investments that Axalta Coating Systems Ltd. (NYSE:AXTA) made to grow its Refinish business. In July 2024, Axalta Coating Systems Ltd. (NYSE:AXTA) announced the completion of its acquisition of the CoverFlexx group, which specializes in coatings for automotive refinish and aftermarket applications for economy customers in North America. This acquisition enhanced the company’s product offerings in Refinish coatings by adding a range of primers, basecoats, clearcoats, aerosols, fillers, bed liners, detailing products, and paint shop accessories. Axalta Coating Systems Ltd. (NYSE:AXTA) is now better positioned to serve the economy segment with excellent offerings.

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