Royal Bank Of Canada Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price hoisted by research analysts at Royal Bank Of Canada from $61.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's target price would indicate a potential upside of 3.23% from the company's previous close.

Several other research firms also recently weighed in on LYB. Citigroup decreased their target price on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Piper Sandler decreased their target price on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $68.31.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.56 during midday trading on Thursday, hitting $62.00. 1,962,870 shares of the company were exchanged, compared to its average volume of 2,943,356. 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 has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The business has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $66.81. The firm has a market capitalization of $19.93 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors have recently modified their holdings of the company. Vident Advisory LLC grew its stake in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after buying an additional 131 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after buying an additional 193 shares in the last quarter. Forza Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 1.6% in the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company's stock valued at $894,000 after buying an additional 200 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of LyondellBasell Industries by 4.3% in the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company's stock valued at $279,000 after buying an additional 200 shares in the last quarter. Finally, TCW Group Inc. grew its stake in shares of LyondellBasell Industries by 1.1% in the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company's stock valued at $1,297,000 after buying an additional 202 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.