LSB Industries (NYSE:LXU) PT Raised to $9.00

LSB Industries (NYSE:LXU) had its price objective hoisted by stock analysts at Piper Sandler from $8.80 to $9.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the conglomerate’s stock. Piper Sandler’s target price would indicate a potential upside of 12.64% from the company’s current price.

A number of other analysts have also recently issued reports on the company. UBS Group cut their price objective on LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft raised their price objective on LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.58.

LSB Industries Stock Performance

Shares of LXU traded down $0.24 during mid-day trading on Thursday, reaching $7.99. The company’s stock had a trading volume of 297,377 shares, compared to its average volume of 415,064. LSB Industries has a 1-year low of $6.74 and a 1-year high of $10.97. The stock has a market cap of $571.64 million, a P/E ratio of 33.29, a PEG ratio of 2.09 and a beta of 0.85. The business has a 50-day simple moving average of $8.39 and a two-hundred day simple moving average of $8.31. The company has a current ratio of 3.41, a quick ratio of 3.44 and a debt-to-equity ratio of 0.92.

Institutional Trading of LSB Industries

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in LSB Industries during the 2nd quarter worth $34,000. Strs Ohio increased its stake in shares of LSB Industries by 79.3% in the 4th quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 2,300 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of LSB Industries in the 1st quarter valued at $97,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 7,074 shares during the last quarter. Finally, Comerica Bank bought a new position in shares of LSB Industries in the 1st quarter valued at $210,000. 73.67% of the stock is owned by institutional investors and hedge funds.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.