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.
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 PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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