Brokerages Set LSB Industries, Inc. (NYSE:LXU) Target Price at $9.69

Shares of LSB Industries, Inc. (NYSE:LXU) have received an average recommendation of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.69.

Several brokerages recently weighed in on LXU. Deutsche Bank Aktiengesellschaft increased their price target on shares of LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. UBS Group reduced their target price on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a report on Monday, August 12th. Finally, Piper Sandler lifted their price objective on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th.

LSB Industries Price Performance

Shares of LXU opened at $7.16 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19. The company’s fifty day moving average price is $8.00 and its 200-day moving average price is $8.28. LSB Industries has a 1-year low of $6.74 and a 1-year high of $10.83. The firm has a market capitalization of $512.26 million, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83.

LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. The business had revenue of $140.07 million for the quarter, compared to the consensus estimate of $147.09 million. On average, equities research analysts predict that LSB Industries will post 0.22 EPS for the current year.

Institutional Trading of LSB Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of LSB Industries by 154.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 7,074 shares during the period. Russell Investments Group Ltd. increased its position in shares of LSB Industries by 27.2% in the fourth quarter. Russell Investments Group Ltd. now owns 145,629 shares of the conglomerate’s stock valued at $1,356,000 after buying an additional 31,149 shares in the last quarter. Versor Investments LP raised its stake in shares of LSB Industries by 24.9% during the 4th quarter. Versor Investments LP now owns 43,403 shares of the conglomerate’s stock worth $404,000 after buying an additional 8,648 shares during the period. Dimensional Fund Advisors LP lifted its holdings in LSB Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock valued at $23,509,000 after purchasing an additional 18,965 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of LSB Industries by 8.6% in the fourth quarter. First Eagle Investment Management LLC now owns 998,395 shares of the conglomerate’s stock valued at $9,295,000 after purchasing an additional 78,950 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Company Profile

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.