LyondellBasell Industries (NYSE:LYB) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded LyondellBasell Industries (NYSE: LYB) from “Hold” to “Buy.” However, the broader analyst consensus remains “Hold,” with an average price target of $72.56.
• LyondellBasell reported quarterly EPS of $4.30, exceeding the $3.44 consensus estimate, while revenue reached $9.18 billion and increased 19.8% year over year.
• LYB opened at $59.50, below its 200-day moving average of $64.12, and institutional investors own approximately 71.2% of the company’s shares.

LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

LYB has been the subject of several other research reports. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Evercore lifted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Morgan Stanley lowered their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, July 20th. Citigroup dropped their target price on LyondellBasell Industries from $80.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Finally, Wolfe Research boosted their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the company an "underperform" rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average price target of $72.56.

LyondellBasell Industries Stock Performance

LYB opened at $59.50 on Friday. The stock's 50 day simple moving average is $59.71 and its 200-day simple moving average is $64.12. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $19.22 billion, a PE ratio of -52.65, a P/E/G ratio of 0.16 and a beta of 0.31. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The firm had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.21 billion. During the same period last year, the business earned $0.62 earnings per share. LyondellBasell Industries's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries will post 9.39 EPS for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Woodline Partners LP raised its holdings in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company's stock valued at $1,542,000 after buying an additional 6,297 shares during the last quarter. Focus Partners Wealth grew its holdings in LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company's stock worth $483,000 after acquiring an additional 1,796 shares during the last quarter. Baird Financial Group Inc. increased its position in LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company's stock valued at $1,706,000 after acquiring an additional 12,087 shares in the last quarter. Cerity Partners LLC raised its stake in shares of LyondellBasell Industries by 13.9% in the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company's stock worth $2,855,000 after acquiring an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of LyondellBasell Industries by 9.9% in the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company's stock worth $2,397,000 after acquiring an additional 3,715 shares during the last quarter. 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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