LSB Industries (NYSE:LXU) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of LSB Industries (NYSE:LXU – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the conglomerate’s stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group initiated coverage on LSB Industries in a research report on Wednesday, November 30th. They issued a buy rating and a $20.00 target price on the stock. TheStreet upgraded LSB Industries from a c rating to a b- rating in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on LSB Industries in a research note on Tuesday, March 14th. They issued a buy rating and a $16.00 price target for the company. UBS Group decreased their price target on LSB Industries from $18.00 to $17.00 and set a buy rating for the company in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada decreased their price target on LSB Industries from $20.00 to $18.00 and set an outperform rating for the company in a research note on Monday, January 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $19.57.

LSB Industries Stock Down 4.5 %

LSB Industries stock traded down $0.48 during midday trading on Thursday, reaching $10.23. The stock had a trading volume of 2,145,483 shares, compared to its average volume of 984,544. The firm’s fifty day simple moving average is $12.53 and its 200-day simple moving average is $14.08. LSB Industries has a 1-year low of $10.18 and a 1-year high of $27.45. The stock has a market capitalization of $778.81 million, a P/E ratio of 3.85 and a beta of 1.60. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.76 and a current ratio of 3.98.

Institutional Trading of LSB Industries

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in LSB Industries by 27.9% in the 3rd quarter. BlackRock Inc. now owns 2,740,508 shares of the conglomerate’s stock valued at $39,052,000 after purchasing an additional 597,482 shares during the period. Gendell Jeffrey L raised its holdings in LSB Industries by 38.7% in the 4th quarter. Gendell Jeffrey L now owns 2,336,772 shares of the conglomerate’s stock valued at $31,079,000 after acquiring an additional 651,591 shares in the last quarter. Vanguard Group Inc. raised its holdings in LSB Industries by 30.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,253,629 shares of the conglomerate’s stock valued at $32,113,000 after acquiring an additional 530,197 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LSB Industries by 16.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,101,893 shares of the conglomerate’s stock valued at $27,956,000 after acquiring an additional 293,929 shares in the last quarter. Finally, Robotti Robert raised its holdings in LSB Industries by 13.8% in the 4th quarter. Robotti Robert now owns 1,919,063 shares of the conglomerate’s stock valued at $25,524,000 after acquiring an additional 232,970 shares in the last quarter. 81.20% of the stock is currently owned by institutional investors.

About LSB Industries

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).