Axiall Corp Receives Neutral Rating from JPMorgan Chase & Co. (AXLL)

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Axiall Corp (NASDAQ:AXLL)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a $45.00 price target on the stock, up from their previous price target of $41.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 1.79% from the stock’s previous close.

A number of other analysts have also recently weighed in on AXLL. Analysts at UBS AG raised their price target on shares of Axiall Corp from $45.00 to $49.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Axiall Corp from $48.00 to $51.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Axiall Corp to $66.00 in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Axiall Corp has a consensus rating of “Buy” and an average price target of $52.10.

Axiall Corp (NASDAQ:AXLL) traded down 0.93% during mid-day trading on Wednesday, hitting $43.80. The stock had a trading volume of 1,087,651 shares. Axiall Corp has a 1-year low of $36.31 and a 1-year high of $52.42. The stock’s 50-day moving average is $46.21 and its 200-day moving average is $44.02. The company has a market cap of $3.063 billion and a price-to-earnings ratio of 19.83.

Axiall Corp (NASDAQ:AXLL) last released its earnings data on Monday, May 5th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.75 earnings per share. Axiall Corp’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Axiall Corp will post $3.14 EPS 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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