Royal Bank Of Canada Raises LyondellBasell Industries (NYSE:LYB) Price Target to $94.00

Key Points

• Royal Bank of Canada raised its price target on LyondellBasell to $94 (from $91) and kept an outperform rating, implying roughly a 26.9% upside from the current price.
• Despite RBC's bullish call, the sell‑side consensus is a "Hold" with an average target of $74.76, based on 1 Strong Buy, 7 Buy, 10 Hold and 4 Sell ratings.
• In the latest quarter LyondellBasell reported EPS $0.49 (above $0.31 estimates) but revenue $7.20B missed expectations and the company showed a negative net margin of 2.68%.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target hoisted by investment analysts at Royal Bank Of Canada from $91.00 to $94.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price objective points to a potential upside of 26.88% from the stock's current price.

A number of other research firms also recently commented on LYB. BMO Capital Markets upped their price objective on LyondellBasell Industries from $68.00 to $82.00 and gave the stock a "market perform" rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $52.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, March 19th. Bank of America restated an "underperform" rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday, April 6th. Fermium Researc raised LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group boosted their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $74.76.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $74.09 on Monday. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The firm has a 50 day moving average price of $70.67 and a 200 day moving average price of $55.66. The company has a market cap of $23.91 billion, a price-to-earnings ratio of -29.87, a PEG ratio of 0.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

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

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in LYB. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries during the third quarter worth about $29,000. Clearstead Advisors LLC grew its stake in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 390 shares in the last quarter. ORG Partners LLC increased its holdings in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 624 shares during the last quarter. Finally, United Community Bank increased its holdings in LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 283 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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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