LyondellBasell Industries NV (LYB) Receives $115.00 Consensus PT from Analysts

LyondellBasell Industries NV (NYSE:LYB) has earned an average recommendation of “Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $115.00.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, February 2nd. BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Cowen reissued a “market perform” rating and set a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, February 6th. Finally, reissued a “buy” rating and set a $120.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 12th.

NYSE LYB traded down $1.65 on Thursday, hitting $80.15. 1,727,521 shares of the stock were exchanged, compared to its average volume of 2,176,281. LyondellBasell Industries has a 52-week low of $77.52 and a 52-week high of $119.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 1.47. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 0.99 and a beta of 1.11.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $9.47 billion. During the same period in the previous year, the company posted $3.11 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries will post 10.35 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in LYB. First Command Bank lifted its stake in shares of LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Kore Private Wealth LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth $27,000. Destination Wealth Management acquired a new position in LyondellBasell Industries during the 1st quarter worth $28,000. Advisors Preferred LLC acquired a new position in LyondellBasell Industries during the 4th quarter worth $31,000. Finally, Berman Capital Advisors LLC acquired a new position in LyondellBasell Industries during the 4th quarter worth $31,000. 72.83% of the stock is owned by institutional investors and hedge funds.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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