Royal Bank Of Canada Increases LyondellBasell Industries (NYSE:LYB) Price Target to $64.00

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target upped by investment analysts at Royal Bank Of Canada from $61.00 to $64.00 in a research note issued 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 suggest a potential upside of 3.23% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Argus downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup dropped their price target 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. Finally, The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.31.

LyondellBasell Industries Stock Down 0.9%

LyondellBasell Industries stock traded down $0.56 during mid-day trading on Thursday, hitting $62.00. The company had a trading volume of 1,962,870 shares, compared to its average volume of 2,936,975. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.67 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $100.46. The business has a fifty day moving average of $58.22 and a 200 day moving average of $67.09.

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

Hedge Funds Weigh In On LyondellBasell Industries

Several hedge funds have recently bought and sold shares of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC increased its stake in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Investment Management Corp VA ADV increased its stake in shares of LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 261 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after acquiring an additional 214 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of LyondellBasell Industries in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

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.