LyondellBasell Industries (NYSE:LYB) Price Target Raised to $82.00

Key Points

• BMO Capital Markets raised its price target on LyondellBasell to $82 (from $68) while maintaining a "market perform" rating, implying roughly an 11.9% upside from the current share price.
• Analyst consensus remains a Hold with an average price target of $69.44, reflecting mixed views (1 Strong Buy, 6 Buy, 12 Hold, 4 Sell).
• Shares opened at $73.26 (down ~3%), and recent results showed a quarterly EPS of -$0.26 on $7.09 billion in revenue; the company has a $23.6 billion market cap and a negative net margin of 2.46%.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price boosted by equities research analysts at BMO Capital Markets from $68.00 to $82.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a "market perform" rating on the specialty chemicals company's stock. BMO Capital Markets' price target points to a potential upside of 11.93% from the stock's current price.

A number of other research analysts have also issued reports on the stock. Wolfe Research reduced their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an "underperform" rating on the stock in a report on Monday, February 2nd. Bank of America reiterated an "underperform" rating and set a $55.00 price target on shares of LyondellBasell Industries in a report on Monday, April 6th. KeyCorp raised shares of LyondellBasell Industries from a "sector weight" rating to an "overweight" rating and set a $73.00 price objective for the company in a research report on Wednesday, March 4th. UBS Group raised their target price on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average price target of $69.44.

LyondellBasell Industries Trading Down 3.0%

Shares of LyondellBasell Industries stock opened at $73.26 on Monday. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The business has a 50 day moving average price of $66.70 and a 200 day moving average price of $53.51. The company has a market capitalization of $23.60 billion, a P/E ratio of -31.27, a P/E/G ratio of 0.31 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The company had revenue of $7.09 billion for the quarter. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company's stock.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently made changes to their positions in the stock. EMC Capital Management boosted its holdings in LyondellBasell Industries by 46.7% in the fourth quarter. EMC Capital Management now owns 2,200 shares of the specialty chemicals company's stock valued at $95,000 after acquiring an additional 700 shares during the last quarter. Flax Pond Capital LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $3,494,000. SHP Wealth Management acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $39,000. Virtu Financial LLC grew its holdings in shares of LyondellBasell Industries by 212.7% during the 4th quarter. Virtu Financial LLC now owns 93,876 shares of the specialty chemicals company's stock worth $4,065,000 after purchasing an additional 63,854 shares during the period. Finally, MV Capital Management Inc. purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $52,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

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