LyondellBasell Industries (NYSE:LYB) Coverage Initiated by Analysts at Barclays

Stock analysts at Barclays assumed coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set an “equal weight” rating and a $66.00 price target on the specialty chemicals company’s stock. Barclays‘s price objective suggests a potential upside of 11.00% from the company’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Citigroup reaffirmed a “neutral” rating and set a $63.00 price target (down from $72.00) on shares of LyondellBasell Industries in a research report on Wednesday, September 30th. Mizuho boosted their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd. Finally, UBS Group dropped their price objective on shares of LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $71.72.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $59.46 on Tuesday. The business has a 50-day moving average of $62.32 and a two-hundred day moving average of $65.10. The firm has a market capitalization of $19.21 billion, a PE ratio of -52.62, a P/E/G ratio of 0.16 and a beta of 0.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. As a group, research analysts forecast that LyondellBasell Industries will post 9.09 earnings per share for the current year.

Institutional Trading of LyondellBasell Industries

Several large investors have recently bought and sold shares of LYB. Banque Cantonale Vaudoise purchased a new position in shares of LyondellBasell Industries in the first quarter valued at $48,000. Kelleher Financial Advisors grew its holdings in LyondellBasell Industries by 4,112.5% during the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 658 shares in the last quarter. SHP Wealth Management purchased a new stake in LyondellBasell Industries during the 4th quarter worth $39,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in LyondellBasell Industries during the 1st quarter worth $73,000. Finally, Versant Capital Management Inc increased its stake in LyondellBasell Industries by 148.8% during the 2nd quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.