LyondellBasell Industries NV (NYSE:LYB) Receives Consensus Rating of “Hold” from Analysts

LyondellBasell Industries NV (NYSE:LYB) has been assigned a consensus recommendation of “Hold” from the twenty research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $102.18.

LYB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research note on Tuesday, August 13th. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Friday, April 26th. Bank of America lowered their price target on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Citigroup began coverage on shares of LyondellBasell Industries in a report on Friday, July 12th. They set a “neutral” rating and a $92.00 price target on the stock. Finally, UBS Group boosted their price target on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 11th.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra acquired 1,360 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $73.48 per share, for a total transaction of $99,932.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Large investors have recently modified their holdings of the stock. Norinchukin Bank The boosted its holdings in LyondellBasell Industries by 0.4% during the first quarter. Norinchukin Bank The now owns 58,745 shares of the specialty chemicals company’s stock valued at $4,939,000 after acquiring an additional 205 shares during the period. Coastal Investment Advisors Inc. boosted its holdings in LyondellBasell Industries by 58.0% during the second quarter. Coastal Investment Advisors Inc. now owns 4,041 shares of the specialty chemicals company’s stock valued at $349,000 after acquiring an additional 1,483 shares during the period. Barnett & Company Inc. bought a new stake in LyondellBasell Industries during the second quarter valued at about $43,000. Bell Bank boosted its holdings in LyondellBasell Industries by 125.1% during the first quarter. Bell Bank now owns 41,717 shares of the specialty chemicals company’s stock valued at $3,508,000 after acquiring an additional 23,188 shares during the period. Finally, Ackerman Capital Advisors LLC bought a new stake in LyondellBasell Industries during the second quarter valued at about $172,260,000. Hedge funds and other institutional investors own 74.54% of the company’s stock.

Shares of NYSE LYB traded down $3.11 during trading on Friday, hitting $69.03. The company had a trading volume of 3,007,232 shares, compared to its average volume of 2,519,629. The company has a market cap of $24.52 billion, a P/E ratio of 6.13, a PEG ratio of 0.79 and a beta of 1.31. LyondellBasell Industries has a 52 week low of $68.61 and a 52 week high of $116.63. The business’s 50-day moving average is $80.76 and its 200 day moving average is $84.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.09). The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.26 billion. LyondellBasell Industries had a net margin of 9.83% and a return on equity of 35.20%. On average, research analysts expect that LyondellBasell Industries will post 10.27 EPS for the current year.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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