Lsb Industries (NYSE:LXU) Given a $13.00 Price Target by RBC Dominion Securities Analysts

Key Points

• RBC Dominion Securities set a $13.00 price target for LSB Industries and maintained an “outperform” rating, implying 27.76% upside from the prior close.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, three Hold and one Sell, resulting in a consensus “Hold” rating and an average target price of $14.25.
• LSB Industries recently reported a quarterly loss of $0.09 per share, missing expectations of $0.33 EPS, despite revenue of $168.09 million exceeding estimates; institutional investors own 73.67% of the company.

Lsb Industries (NYSE:LXU - Get Free Report) received a $13.00 price target from stock analysts at RBC Dominion Securities in a report released on Monday, BayStreet reports. The brokerage currently has an "outperform" rating on the conglomerate's stock. RBC Dominion Securities' price target would suggest a potential upside of 27.76% from the company's previous close.

A number of other research firms have also weighed in on LXU. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective for the company in a research note on Monday, August 10th. Wall Street Zen downgraded Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut Lsb Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.25.

Lsb Industries Stock Performance

Shares of LXU stock traded up $0.32 during trading hours on Monday, hitting $10.18. The company's stock had a trading volume of 223,375 shares, compared to its average volume of 1,042,781. The company has a 50 day moving average of $10.59 and a 200 day moving average of $12.24. The stock has a market cap of $732.60 million, a PE ratio of 20.35 and a beta of 0.44. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. Lsb Industries has a 12-month low of $8.12 and a 12-month high of $17.22.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. On average, sell-side analysts forecast that Lsb Industries will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently bought and sold shares of the business. Squarepoint Ops LLC grew its holdings in Lsb Industries by 339.6% in the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate's stock valued at $3,763,000 after purchasing an additional 268,939 shares during the period. Arizona State Retirement System acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $166,000. AXQ Capital LP lifted its position in shares of Lsb Industries by 4.8% during the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate's stock valued at $505,000 after buying an additional 2,144 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Lsb Industries by 156.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,403 shares of the conglomerate's stock valued at $296,000 after buying an additional 16,714 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in Lsb Industries in the 2nd quarter valued at $252,000. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Company Profile

LSB Industries, Inc NYSE: LXU is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.

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