FY2018 EPS Estimates for LyondellBasell Industries NV Boosted by Analyst (LYB)

LyondellBasell Industries NV (NYSE:LYB) – Equities researchers at SunTrust Banks raised their FY2018 earnings estimates for shares of LyondellBasell Industries in a report issued on Wednesday, October 31st. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings per share of $11.84 for the year, up from their previous forecast of $11.73.

A number of other analysts have also weighed in on LYB. Citigroup restated a “buy” rating and set a $122.00 target price on shares of LyondellBasell Industries in a report on Tuesday, July 10th. Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets upped their target price on LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a report on Tuesday, August 7th. Cowen upped their target price on LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. lowered LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $110.00 to $95.00 in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $117.70.

LyondellBasell Industries stock opened at $92.53 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.80 and a beta of 1.14. LyondellBasell Industries has a twelve month low of $85.60 and a twelve month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.28. The company had revenue of $10.16 billion during the quarter, compared to analyst estimates of $9.95 billion. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. LyondellBasell Industries’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.67 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of LYB. Hudock Capital Group LLC raised its stake in LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock worth $100,000 after acquiring an additional 552 shares during the last quarter. Atlas Capital Advisors LLC raised its stake in LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 661 shares during the last quarter. Sun Life Financial INC raised its stake in LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 894 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in LyondellBasell Industries by 1,670.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in LyondellBasell Industries by 504.6% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 72.66% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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

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