Axiall Corp Downgraded by Zacks to Underperform (AXLL)
Axiall Corp (NASDAQ:AXLL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday. They currently have a $46.20 price target on the stock. Zacks‘s target price suggests a potential downside of 4.23% from the stock’s previous close.
A number of other firms have also recently commented on AXLL. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Axiall Corp in a research note on Tuesday, June 24th. 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Axiall Corp has an average rating of “Hold” and a consensus target price of $51.37.
Shares of Axiall Corp (NASDAQ:AXLL) traded down 1.02% on Monday, hitting $47.75. 279,280 shares of the company’s stock traded hands. Axiall Corp has a 1-year low of $36.31 and a 1-year high of $50.61. The stock’s 50-day moving average is $46.30 and its 200-day moving average is $44.73. The company has a market cap of $3.339 billion and a price-to-earnings ratio of 21.63.
Axiall Corp (NASDAQ:AXLL) last announced its earnings results on Monday, May 5th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts predict that Axiall Corp will post $2.72 earnings per share for the current fiscal year.
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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