LyondellBasell Industries NV (NYSE:LYB) has been assigned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $109.19.
LYB has been the subject of several recent analyst reports. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, December 18th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a report on Tuesday, January 9th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. SunTrust Banks reiterated a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Finally, UBS Group increased their price objective on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sawtooth Solutions LLC acquired a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $1,146,000. Sterling Capital Management LLC lifted its stake in LyondellBasell Industries by 1.3% during the fourth quarter. Sterling Capital Management LLC now owns 88,550 shares of the specialty chemicals company’s stock valued at $9,769,000 after purchasing an additional 1,120 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $463,000. DF Dent & Co. Inc. acquired a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $586,000. Finally, Gotham Asset Management LLC lifted its stake in LyondellBasell Industries by 101.8% during the fourth quarter. Gotham Asset Management LLC now owns 218,352 shares of the specialty chemicals company’s stock valued at $24,089,000 after purchasing an additional 110,171 shares during the last quarter. 73.21% of the stock is owned by institutional investors and hedge funds.
LyondellBasell Industries (NYSE LYB) opened at $108.61 on Tuesday. LyondellBasell Industries has a 1 year low of $78.01 and a 1 year high of $121.95. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96. The company has a market cap of $42,840.00, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. LyondellBasell Industries’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. sell-side analysts forecast that LyondellBasell Industries will post 10.75 earnings per share for the current year.
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About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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