UBS Group Cuts LSB Industries (NYSE:LXU) Price Target to $8.00

LSB Industries (NYSE:LXU - Get Free Report) had its price objective dropped by research analysts at UBS Group from $11.00 to $8.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the conglomerate's stock. UBS Group's price objective would suggest a potential upside of 61.62% from the stock's previous close.

LXU has been the topic of several other research reports. Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research report on Thursday, March 27th. StockNews.com downgraded LSB Industries from a "hold" rating to a "sell" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

LSB Industries Stock Performance

NYSE:LXU traded down $0.18 during trading on Wednesday, reaching $4.95. The company's stock had a trading volume of 122,836 shares, compared to its average volume of 356,717. The firm has a market cap of $355.79 million, a price-to-earnings ratio of -23.57, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. LSB Industries has a 12 month low of $4.88 and a 12 month high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The firm has a 50 day moving average of $6.70 and a 200-day moving average of $7.89.

Hedge Funds Weigh In On LSB Industries

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of LSB Industries by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,578 shares of the conglomerate's stock worth $232,000 after purchasing an additional 1,292 shares in the last quarter. Barclays PLC boosted its stake in shares of LSB Industries by 1.7% during the 4th quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock valued at $688,000 after purchasing an additional 1,510 shares in the last quarter. Kennedy Capital Management LLC grew its stake in LSB Industries by 1.1% in the fourth quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate's stock worth $1,232,000 after purchasing an additional 1,691 shares during the period. LPL Financial LLC lifted its holdings in shares of LSB Industries by 2.9% during the fourth quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate's stock valued at $532,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in LSB Industries by 157.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock valued at $28,000 after purchasing an additional 2,230 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.