Lsb Industries (NYSE:LXU) Given a $13.00 Price Target at RBC Dominion Securities

Lsb Industries (NYSE:LXU) received a $13.00 price objective from equities research analysts at RBC Dominion Securities in a report issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. RBC Dominion Securities’ price target would indicate a potential upside of 27.76% from the stock’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Lsb Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note 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 target price for the company in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average target price of $14.25.

Lsb Industries Price Performance

Lsb Industries stock traded up $0.32 during midday trading on Monday, reaching $10.18. The company had a trading volume of 223,375 shares, compared to its average volume of 1,042,781. The company has a market capitalization of $732.60 million, a P/E ratio of 20.35 and a beta of 0.44. Lsb Industries has a 12-month low of $8.12 and a 12-month high of $17.22. The firm’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $12.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.The firm had revenue of $168.09 million for the quarter, compared to analysts’ expectations of $155.45 million. As a group, equities analysts anticipate that Lsb Industries will post 0.53 EPS for the current year.

Institutional Trading of Lsb Industries

Several large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in shares of Lsb Industries by 339.6% during the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after purchasing an additional 268,939 shares during the period. Empowered Funds LLC purchased a new position in shares of Lsb Industries during the second quarter worth $3,845,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lsb Industries in the first quarter valued at $11,458,000. Bank of New York Mellon Corp acquired a new stake in shares of Lsb Industries in the second quarter valued at $1,922,000. Finally, Sei Investments Co. raised its holdings in shares of Lsb Industries by 343.2% in the 1st quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate’s stock valued at $2,717,000 after buying an additional 141,208 shares during the period. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

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.