Analysts Give Lsb Industries (NYSE:LXU) a $13.00 Price Target

set a $13.00 price objective on Lsb Industries (NYSE:LXU) in a report published on Monday morning,BayStreet reports. The brokerage currently has an outperform rating on the conglomerate’s stock.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Lsb Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Stock Performance

Shares of LXU stock opened at $10.21 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. Lsb Industries has a fifty-two week low of $8.12 and a fifty-two week high of $17.22. The stock has a 50 day moving average price of $10.52 and a two-hundred day moving average price of $12.15. The company has a market capitalization of $735.26 million, a P/E ratio of 20.42 and a beta of 0.44.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The company had revenue of $168.09 million for the quarter, compared to analysts’ expectations of $155.45 million. Analysts expect that Lsb Industries will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC increased its position in Lsb Industries by 339.6% during the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock valued at $3,763,000 after purchasing an additional 268,939 shares during the period. Arizona State Retirement System purchased a new stake in shares of Lsb Industries in the 2nd quarter worth about $166,000. AXQ Capital LP lifted its position in shares of Lsb Industries by 4.8% in the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock worth $505,000 after purchasing an additional 2,144 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Lsb Industries by 156.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,403 shares of the conglomerate’s stock worth $296,000 after purchasing an additional 16,714 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Lsb Industries during the 2nd quarter valued at about $252,000. Institutional investors own 73.67% of the company’s stock.

About Lsb Industries

LSB Industries, Inc (NYSE:LXU) is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.