Citigroup Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price reduced by Citigroup from $80.00 to $67.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price indicates a potential upside of 19.42% from the stock’s current price.

Several other brokerages have also recently weighed in on LYB. Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their price target on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.94.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $56.10 on Wednesday. The stock’s 50 day simple moving average is $68.93 and its two-hundred day simple moving average is $61.27. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of -22.54, a PEG ratio of 0.14 and a beta of 0.28. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, analysts expect that LyondellBasell Industries will post 8.73 earnings per share for the current fiscal year.

Institutional Trading of LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of LYB. State Street Corp raised its holdings in LyondellBasell Industries by 2.7% in the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after acquiring an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after purchasing an additional 399,130 shares during the last quarter. Capital World Investors increased its holdings in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.