LyondellBasell Industries (NYSE:LYB) Upgraded by StockNews.com to “Buy” Rating

LyondellBasell Industries (NYSE:LYB) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities analysts also recently weighed in on LYB. Piper Sandler reduced their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock opened at $82.65 on Thursday. The company has a 50 day moving average of $91.35 and a 200-day moving average of $95.07. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a twelve month low of $82.20 and a twelve month high of $107.02. The stock has a market capitalization of $26.84 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $2.46 EPS. On average, equities research analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. CVA Family Office LLC raised its position in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Beacon Capital Management LLC bought a new stake in LyondellBasell Industries during the first quarter worth $28,000. Blue Trust Inc. lifted its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.