FY2019 Earnings Forecast for LyondellBasell Industries NV (LYB) Issued By Jefferies Group

LyondellBasell Industries NV (NYSE:LYB) – Equities research analysts at Jefferies Group upped their FY2019 earnings per share (EPS) estimates for LyondellBasell Industries in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings of $9.60 per share for the year, up from their prior forecast of $8.85. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for LyondellBasell Industries’ FY2020 earnings at $10.15 EPS and FY2021 earnings at $10.95 EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Thursday, October 12th. Morgan Stanley set a $115.00 target price on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Monday, December 18th. SunTrust Banks restated a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, November 1st. Finally, cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.56.

LyondellBasell Industries (LYB) opened at $117.68 on Thursday. The company has a market cap of $46,420.00, a price-to-earnings ratio of 12.55, a P/E/G ratio of 1.39 and a beta of 1.08. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in shares of LyondellBasell Industries by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 46,986 shares of the specialty chemicals company’s stock valued at $5,182,000 after buying an additional 1,520 shares during the period. Polianta Ltd purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $1,257,000. Parametric Portfolio Associates LLC increased its position in shares of LyondellBasell Industries by 6.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,422,187 shares of the specialty chemicals company’s stock valued at $140,868,000 after buying an additional 85,841 shares during the period. AXA increased its position in shares of LyondellBasell Industries by 3.6% during the third quarter. AXA now owns 1,146,510 shares of the specialty chemicals company’s stock valued at $113,562,000 after buying an additional 40,372 shares during the period. Finally, Salem Investment Counselors Inc. increased its position in shares of LyondellBasell Industries by 80.0% during the third quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 800 shares during the period. Institutional investors own 73.94% of the company’s stock.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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