LyondellBasell Industries (NYSE:LYB) Price Target Raised to $88.00 at BMO Capital Markets

Key Points

• BMO Capital Markets raised its price target on LyondellBasell to $88.00 (from $82) and kept a "market perform" rating, implying roughly a 13.96% upside from the current share price.
• LyondellBasell reported Q results with $0.49 EPS (beating $0.31 estimates) but revenue of $7.20 billion missed estimates and was down 6.3% year-over-year, with a reported negative net margin of 2.68%.
• Analyst coverage is mixed — consensus rating is "Hold" with a consensus price target of $76.59 (2 Strong Buy, 7 Buy, 9 Hold, 4 Sell) — slightly below the current share price.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price objective upped by investment analysts at BMO Capital Markets from $82.00 to $88.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has a "market perform" rating on the specialty chemicals company's stock. BMO Capital Markets' price target would suggest a potential upside of 13.96% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $87.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday. Mizuho increased their price target on shares of LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a "hold" rating in a research note on Tuesday. The Goldman Sachs Group reiterated a "sell" rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Finally, Alembic Global Advisors upgraded shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $76.59.

LyondellBasell Industries Stock Up 1.6%

LYB traded up $1.18 during trading hours on Tuesday, hitting $77.22. 485,919 shares of the company's stock were exchanged, compared to its average volume of 7,705,665. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a 50 day moving average of $70.67 and a 200 day moving average of $55.66. The firm has a market cap of $24.92 billion, a P/E ratio of -31.14, a price-to-earnings-growth ratio of 0.26 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the business earned $0.33 EPS. The company's revenue was down 6.3% on a year-over-year basis. Analysts predict that LyondellBasell Industries will post 5.44 EPS for the current fiscal year.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in LyondellBasell Industries by 0.3% in the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company's stock valued at $1,518,546,000 after purchasing an additional 84,251 shares during the period. State Street Corp grew its holdings in LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company's stock valued at $586,486,000 after purchasing an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company's stock valued at $437,420,000 after purchasing an additional 399,130 shares during the period. Capital World Investors grew its holdings in LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company's stock valued at $426,242,000 after purchasing an additional 36,187 shares during the period. Finally, Capital Research Global Investors grew its stake in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company's stock worth $396,615,000 after buying an additional 4,770,260 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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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