Freedom Broker Initiates Coverage on Lsb Industries (NYSE:LXU)

Key Points

• Freedom Broker initiated coverage of LSB Industries with a “hold” rating and a $9.50 price target, implying 8.62% downside from the reported $10.40 share price.
• Analyst sentiment remains cautious: five analysts rate the stock “hold” and one rates it “buy,” producing an average rating of “Hold” and an average price target of $13.38.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 consensus estimate, although revenue of $168.09 million exceeded analyst expectations of $155.45 million.

Investment analysts at Freedom Broker started coverage on shares of Lsb Industries (NYSE:LXU - Get Free Report) in a research report issued on Tuesday, Benzinga reports. The firm set a "hold" rating and a $9.50 price target on the conglomerate's stock. Freedom Broker's price target suggests a potential downside of 8.62% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Royal Bank Of Canada upgraded shares of Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective for the company in a report on Monday, August 10th. set a $13.00 price target on Lsb Industries and gave the stock an "outperform" rating in a research report on Monday, October 5th. Finally, Weiss Ratings raised shares of Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 16th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.38.

Lsb Industries Price Performance

Shares of LXU stock traded up $0.25 during mid-day trading on Tuesday, hitting $10.40. 683,810 shares of the stock traded hands, compared to its average volume of 1,025,800. The company's 50-day simple moving average is $10.52 and its 200-day simple moving average is $11.70. Lsb Industries has a twelve month low of $8.12 and a twelve month high of $17.22. The firm has a market cap of $748.51 million, a price-to-earnings ratio of 20.79 and a beta of 0.44. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its position in shares of Lsb Industries by 339.6% during the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate's stock worth $3,763,000 after buying an additional 268,939 shares during the period. Empowered Funds LLC acquired a new position in Lsb Industries during the second quarter valued at approximately $3,845,000. Bank of New York Mellon Corp bought a new stake in Lsb Industries in the second quarter valued at approximately $1,922,000. Arrowstreet Capital Limited Partnership bought a new stake in Lsb Industries in the first quarter valued at approximately $11,458,000. Finally, Sei Investments Co. raised its holdings in Lsb Industries by 343.2% in the first quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate's stock worth $2,717,000 after purchasing an additional 141,208 shares during the period. 73.67% of the stock is owned by institutional investors.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.

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