LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by research analysts at Vertical Research from a "hold" rating to a "buy" rating in a report released on Monday, MarketBeat Ratings reports. The firm presently has a $75.00 price target on the specialty chemicals company's stock. Vertical Research's price target would indicate a potential upside of 11.50% from the company's current price.
LYB has been the topic of a number of other research reports. Weiss Ratings restated a "sell (d+)" rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. KeyCorp raised shares of LyondellBasell Industries from a "sector weight" rating to an "overweight" rating and set a $73.00 target price on the stock in a research report on Wednesday, March 4th. The Goldman Sachs Group reiterated a "sell" rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Evercore reduced their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an "in-line" rating on the stock in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company upped their price objective on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $55.50.
Get Our Latest Stock Report on LYB
LyondellBasell Industries Trading Up 2.1%
Shares of LyondellBasell Industries stock opened at $67.26 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $78.41. The firm has a market capitalization of $21.67 billion, a PE ratio of -28.87, a P/E/G ratio of 0.60 and a beta of 0.64. The firm's 50-day moving average price is $52.86 and its 200 day moving average price is $49.73.
LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analysts' expectations of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.
Institutional Investors Weigh In On LyondellBasell Industries
Several large investors have recently bought and sold shares of LYB. MTM Investment Management LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at about $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the 2nd quarter worth $26,000. Capital A Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 6,314.3% during the 2nd 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 purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $27,000. Finally, EMC Capital Management acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 71.20% of the company's stock.
About LyondellBasell Industries
(
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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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