Axiall Corp (AXLL) Sees Significant Increase in Short Interest
Axiall Corp (NYSE:AXLL) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,209,427 shares, a growth of 59.8% from the December 15th total of 2,008,647 shares, AnalystRatings.Net reports. Approximately 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,617,689 shares, the short-interest ratio is currently 2.0 days.
Several equities research analysts have recently weighed in on AXLL shares. Citigroup Inc. dropped their target price on shares of Axiall Corp from $24.00 to $19.00 in a research report on Tuesday, January 5th. Nomura dropped their target price on shares of Axiall Corp from $20.00 to $17.00 in a research report on Wednesday, January 13th. Zacks Investment Research raised shares of Axiall Corp from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Monday, January 11th. Cowen and Company dropped their target price on shares of Axiall Corp from $29.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, January 6th. Finally, RBC Capital boosted their target price on shares of Axiall Corp from $18.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Axiall Corp presently has an average rating of “Hold” and an average price target of $23.00.
A hedge fund recently bought a new stake in Axiall Corp stock. J. Goldman & Company purchased a new stake in Axiall Corp (NYSE:AXLL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,359 shares of the company’s stock, valued at approximately $21,000.
Shares of Axiall Corp (NYSE:AXLL) opened at 9.60 on Friday. The company’s 50 day moving average is $13.81 and its 200-day moving average is $21.25. Axiall Corp has a 12 month low of $9.04 and a 12 month high of $51.35. The company’s market cap is $677.57 million.
Axiall Corp (NYSE:AXLL) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.62. During the same quarter last year, the company earned $0.72 EPS. The business had revenue of $874.40 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. Analysts expect that Axiall Corp will post $0.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 11th. Stockholders of record on Wednesday, December 23rd were paid a dividend of $0.16 per share. The ex-dividend date was Monday, December 21st. This represents a $0.64 annualized dividend and a dividend yield of 6.67%.
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).

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.






