Axiall Corp Receives Consensus Rating of “Buy” from Analysts (NASDAQ:AXLL)
Axiall Corp (NASDAQ:AXLL) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the company, Stock Ratings Network.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $51.32.
Axiall Corp (NASDAQ:AXLL) opened at 45.88 on Friday. Axiall Corp has a 52 week low of $36.31 and a 52 week high of $50.61. The stock has a 50-day moving average of $45.74 and a 200-day moving average of $44.69. The company has a market cap of $3.208 billion and a P/E ratio of 20.57.
Axiall Corp (NASDAQ:AXLL) last released its earnings data on Monday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $993.70 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that Axiall Corp will post $2.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, June 25th.
A number of analysts have recently weighed in on AXLL shares. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Axiall Corp in a research note on Tuesday. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Axiall Corp in a research note on Wednesday, May 7th. They now have a $49.00 price target on the stock, down previously from $51.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Axiall Corp in a research note on Wednesday, May 7th. They now have a $45.00 price target on the stock, up previously from $41.00.
Axiall Corporation (NASDAQ:AXLL), formerly Georgia Gulf Corporation is a manufacturer and an international marketer of chlorovinyl and aromatic chemicals and also manufacture and market vinyl-based building and home improvement products.
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