Shares of LyondellBasell Industries NV (NYSE:LYB) have earned a consensus rating of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $117.40.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. BMO Capital Markets set a $101.00 target price on LyondellBasell Industries and gave the stock a “hold” rating in a research note on Thursday. HSBC upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday. Citigroup restated a “buy” rating and set a $122.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, July 10th. Finally, Cowen upped their target price on LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th.
Shares of LYB stock traded up $0.15 during trading on Friday, hitting $92.68. The company had a trading volume of 827,209 shares, compared to its average volume of 3,214,500. The company has a current ratio of 1.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.67. The stock has a market cap of $34.58 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. LyondellBasell Industries has a one year low of $85.60 and a one year high of $121.95.
LyondellBasell Industries (NYSE:LYB) last released its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the company earned $2.67 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 11.74 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in LYB. Hudock Capital Group LLC increased its holdings in LyondellBasell Industries by 151.6% in the second quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 552 shares during the period. Sun Life Financial INC increased its holdings in LyondellBasell Industries by 843.4% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after purchasing an additional 894 shares during the period. Atlas Capital Advisors LLC increased its holdings in LyondellBasell Industries by 192.2% in the second quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after purchasing an additional 661 shares during the period. Legacy Financial Advisors Inc. increased its holdings in LyondellBasell Industries by 1,670.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,186 shares during the period. Finally, Reilly Financial Advisors LLC increased its holdings in LyondellBasell Industries by 504.6% in the third quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 72.66% of the company’s stock.
About LyondellBasell Industries
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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