The Goldman Sachs Group Increases LyondellBasell Industries (NYSE:LYB) Price Target to $75.00

Key Points

• Goldman Sachs raised its price target on LyondellBasell to $75.00 from $51.00 but kept a sell rating, a target that implies roughly a 2.9% downside from the current share price.
• Other analysts have also lifted targets (e.g., Morgan Stanley to $77, UBS to $82) and the stock's consensus price target is about $76.59 with an average rating of Hold.
• Shares traded up to $77.22 (up ~1.6%); the company beat Q1 EPS expectations ($0.49 vs. $0.31) but missed revenue estimates and reported a negative net margin, while a major shareholder sold 384,548 shares.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price hoisted by investment analysts at The Goldman Sachs Group from $51.00 to $75.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a "sell" rating on the specialty chemicals company's stock. The Goldman Sachs Group's target price would indicate a potential downside of 2.88% from the company's current price.

Several other analysts also recently issued reports on LYB. Morgan Stanley increased their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. UBS Group increased their price objective on shares of LyondellBasell Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday. Jefferies Financial Group increased their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, April 16th. Zacks Research raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday. Finally, Wolfe Research increased their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an "underperform" rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $76.59.

LyondellBasell Industries Trading Up 1.6%

Shares of NYSE LYB traded up $1.18 on Monday, reaching $77.22. 485,919 shares of the company traded hands, compared to its average volume of 7,705,665. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a 50 day moving average of $70.67 and a 200 day moving average of $55.66. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $24.92 billion, a PE ratio of -31.14, a P/E/G ratio of 0.26 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm posted $0.33 earnings per share. LyondellBasell Industries's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 5.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company's stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. grew its stake in shares of LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company's stock valued at $879,000 after buying an additional 172 shares in the last quarter. Investment Research Partners LLC grew its stake in shares of LyondellBasell Industries by 4.4% in the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company's stock valued at $221,000 after buying an additional 214 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of LyondellBasell Industries by 2.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company's stock valued at $458,000 after buying an additional 226 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of LyondellBasell Industries by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company's stock valued at $347,000 after buying an additional 272 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of LyondellBasell Industries by 2.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company's stock valued at $642,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors 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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