LyondellBasell Industries (NYSE:LYB) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of LyondellBasell Industries (NYSE:LYB) from a hold rating to a buy rating in a research note released on Thursday.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada lowered their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Mizuho dropped their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.70.

LyondellBasell Industries Stock Performance

LYB stock traded up $0.02 during midday trading on Thursday, reaching $82.58. 599,812 shares of the company were exchanged, compared to its average volume of 1,862,910. LyondellBasell Industries has a one year low of $82.20 and a one year high of $107.02. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business has a 50-day moving average price of $91.35 and a two-hundred day moving average price of $95.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 EPS. Equities research analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current year.

Institutional Trading of LyondellBasell Industries

Several large investors have recently made changes to their positions in LYB. Millburn Ridgefield Corp acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $115,000. IHT Wealth Management LLC boosted its stake in LyondellBasell Industries by 27.8% in the third quarter. IHT Wealth Management LLC now owns 4,530 shares of the specialty chemicals company’s stock valued at $434,000 after buying an additional 985 shares in the last quarter. Intrepid Capital Management Inc. boosted its stake in LyondellBasell Industries by 22.6% in the third quarter. Intrepid Capital Management Inc. now owns 3,700 shares of the specialty chemicals company’s stock valued at $355,000 after buying an additional 681 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in LyondellBasell Industries by 10.6% in the third quarter. Integrated Wealth Concepts LLC now owns 7,460 shares of the specialty chemicals company’s stock valued at $715,000 after acquiring an additional 717 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its stake in LyondellBasell Industries by 20.8% during the third quarter. Investment Management Corp of Ontario now owns 16,249 shares of the specialty chemicals company’s stock worth $1,558,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.