LyondellBasell Industries (NYSE:LYB) Price Target Cut to $72.00 by Analysts at Morgan Stanley

LyondellBasell Industries (NYSE:LYB) had its target price reduced by analysts at Morgan Stanley from $77.00 to $72.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target indicates a potential upside of 18.91% from the company’s previous close.

LYB has been the subject of several other reports. The Goldman Sachs Group increased their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. UBS Group reduced their target price on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. BMO Capital Markets lowered their target price on shares of LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Wolfe Research boosted their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.94.

LyondellBasell Industries Price Performance

NYSE LYB traded up $1.38 during trading on Monday, reaching $60.55. 1,897,865 shares of the company traded hands, compared to its average volume of 6,816,789. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a market cap of $19.55 billion, a price-to-earnings ratio of -24.28, a P/E/G ratio of 0.18 and a beta of 0.32. The stock’s 50 day moving average price is $62.92 and its two-hundred day moving average price is $62.81. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. As a group, analysts anticipate that LyondellBasell Industries will post 9.07 EPS for the current year.

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently modified their holdings of LYB. Banque Cantonale Vaudoise acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $48,000. Quarry LP acquired a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Clearstead Advisors LLC boosted its position in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $39,000. Finally, ORG Partners LLC raised its position in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares during the last quarter. 71.20% of the stock is 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.