Axiall Corp (NYSE:AXLL) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

Axiall Corp (NYSE:AXLL) opened at 17.93 on Monday. Axiall Corp has a 52 week low of $9.04 and a 52 week high of $51.35. The stock’s market cap is $1.27 billion. The stock has a 50 day moving average of $12.88 and a 200-day moving average of $20.44.

Axiall Corp (NYSE:AXLL) last announced its earnings results on Tuesday, November 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.29 by $0.62. The company had revenue of $874.40 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Analysts forecast that Axiall Corp will post $0.70 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 11th. Stockholders of record on Wednesday, December 23rd were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, December 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.57%.

Several other analysts also recently commented on AXLL. RBC Capital dropped their target price on shares of Axiall Corp from $32.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday, October 5th. Zacks Investment Research upgraded shares of Axiall Corp from a “sell” rating to a “hold” rating in a report on Monday, October 12th. Nomura raised their target price on shares of Axiall Corp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. TheStreet lowered shares of Axiall Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 3rd. Finally, Cowen and Company reduced their target price on shares of Axiall Corp from $29.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.00.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its position in Axiall Corp by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 53,354 shares of the company’s stock worth $822,000 after buying an additional 670 shares during the period. Nationwide Fund Advisors increased its position in shares of Axiall Corp by 0.6% in the fourth quarter. Nationwide Fund Advisors now owns 71,802 shares of the company’s stock valued at $1,106,000 after buying an additional 457 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Axiall Corp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 130,134 shares of the company’s stock valued at $2,004,000 after buying an additional 2,061 shares during the last quarter. TFS Capital LLC acquired a new position in shares of Axiall Corp during the fourth quarter valued at approximately $2,450,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of Axiall Corp by 4.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,263,595 shares of the company’s stock valued at $19,459,000 after buying an additional 53,357 shares during the last quarter.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls, building products and aromatics. The Company’s chlorovinyls segment produces a chain of products, including chlor-alkali and derivative products, such as chlorine, caustic soda, vinyl chloride monomer (NYSE:AXLL), vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) (EDC), chlorinated solvents, calcium hypochlorite, hydrochloric acid (HCL) and phosgene derivatives, and compound products, such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim, moldings and deck products, and outdoor building products, which includes siding and exterior accessories, pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

12 Month Chart for NYSE:AXLL

The Fly

Receive News & Ratings for Axiall Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axiall Corp and related companies with MarketBeat.com's FREE daily email newsletter.