UBS Group Cuts LyondellBasell Industries (NYSE:LYB) Price Target to $49.00

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price objective cut by equities research analysts at UBS Group from $50.00 to $49.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "sell" rating on the specialty chemicals company's stock. UBS Group's price target would indicate a potential downside of 24.51% from the company's current price.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets cut their target price on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. The Goldman Sachs Group cut their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Argus downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Bank Of America (Bofa) cut their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $68.15.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $1.21 during mid-day trading on Wednesday, reaching $64.91. 3,591,061 shares of the company's stock were exchanged, compared to its average volume of 2,964,602. LyondellBasell Industries has a one year low of $51.11 and a one year high of $100.46. The firm has a market capitalization of $20.86 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.72 and a beta of 0.82. The business's fifty day simple moving average is $58.46 and its two-hundred day simple moving average is $66.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the prior year, the business earned $1.53 earnings per share. LyondellBasell Industries's quarterly revenue was down 7.6% compared to the same quarter last year. Analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $3,760,000. GAMMA Investing LLC lifted its holdings in shares of LyondellBasell Industries by 56.7% in the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock worth $212,000 after buying an additional 1,091 shares in the last quarter. Farther Finance Advisors LLC raised its stake in LyondellBasell Industries by 28.3% in the first quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock valued at $642,000 after purchasing an additional 2,021 shares in the last quarter. Townsend & Associates Inc raised its stake in LyondellBasell Industries by 28.1% in the first quarter. Townsend & Associates Inc now owns 29,019 shares of the specialty chemicals company's stock valued at $2,043,000 after purchasing an additional 6,371 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in LyondellBasell Industries in the first quarter valued at approximately $442,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.