BMO Capital Markets Increases LyondellBasell Industries (NYSE:LYB) Price Target to $68.00

LyondellBasell Industries (NYSE:LYB) had its price objective increased by BMO Capital Markets from $64.00 to $68.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price points to a potential upside of 9.20% from the stock’s current price.

LYB has been the topic of a number of other reports. The Goldman Sachs Group lifted their price target on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Royal Bank Of Canada set a $80.00 price target on LyondellBasell Industries in a report on Monday. UBS Group decreased their price objective on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.50.

LyondellBasell Industries Stock Up 0.3%

NYSE LYB opened at $62.27 on Monday. The stock has a market capitalization of $20.10 billion, a P/E ratio of -55.11, a price-to-earnings-growth ratio of 0.20 and a beta of 0.32. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The stock has a fifty day moving average of $60.49 and a 200-day moving average of $63.87.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities research analysts forecast that LyondellBasell Industries will post 8.57 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LYB. Clearstead Advisors LLC grew its position in LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 390 shares in the last quarter. Quarry LP bought a new position in shares of LyondellBasell Industries in the third quarter worth $31,000. Key Capital Management INC bought a new stake in LyondellBasell Industries during the fourth quarter worth about $34,000. Fideuram Asset Management Ireland dac acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $34,000. Finally, Harbour Investments Inc. raised its position in shares of LyondellBasell Industries by 74.7% in the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

About LyondellBasell Industries

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.