LyondellBasell Industries (NYSE:LYB) Upgraded by BMO Capital Markets to "Market Perform" Rating

Key Points

• BMO Capital Markets upgraded LyondellBasell from "underperform" to "market perform" and raised its price target to $68 (from $38), implying roughly a 1.6% upside versus the stock's recent price (~$66.93).
• Analyst sentiment remains cautious overall: MarketBeat shows an average rating of "Reduce" with an average target of $54 and a breakdown of 2 Buys, 17 Holds and 4 Sells.
• LyondellBasell missed quarterly EPS (‑$0.26 vs. $0.18 expected) while revenue of $7.09 billion topped estimates but was down 9.2% year‑over‑year, and the stock recently traded in the mid‑$60s.

LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by research analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $68.00 price target on the specialty chemicals company's stock, up from their previous price target of $38.00. BMO Capital Markets' price target points to a potential upside of 1.60% from the company's current price.

Several other analysts have also commented on the company. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Monday, February 2nd. The Goldman Sachs Group reiterated a "sell" rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Citigroup boosted their price target on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Finally, UBS Group cut their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a "sell" rating for the company in a research note on Tuesday, December 23rd. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $54.00.

LyondellBasell Industries Stock Performance

LYB stock traded up $5.01 during midday trading on Thursday, hitting $66.93. The stock had a trading volume of 1,480,275 shares, compared to its average volume of 6,620,450. The firm has a market capitalization of $21.56 billion, a price-to-earnings ratio of -28.40, a P/E/G ratio of 0.52 and a beta of 0.64. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The stock has a 50-day simple moving average of $51.92 and a 200 day simple moving average of $49.59. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $78.41.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business posted $0.75 earnings per share. LyondellBasell Industries's revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Institutional Trading of LyondellBasell Industries

A number of hedge funds and other institutional investors have recently modified their holdings of LYB. MTM Investment Management LLC bought a new position in LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC bought a new position in LyondellBasell Industries in the second quarter valued at about $26,000. Capital A Wealth Management LLC increased its position in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 442 shares during the period. Stance Capital LLC bought a new stake in LyondellBasell Industries during the 3rd quarter worth about $27,000. Finally, EMC Capital Management acquired a new position in LyondellBasell Industries during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 71.20% of the company's stock.

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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