SunTrust Banks, Inc. Reiterates Hold Rating for LyondellBasell Industries NV (LYB)

LyondellBasell Industries NV (NYSE:LYB)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks, Inc. in a report issued on Wednesday, November 1st. They presently have a $100.00 target price on the specialty chemicals company’s stock. SunTrust Banks, Inc.’s price target suggests a potential downside of 4.02% from the stock’s previous close.

LYB has been the topic of a number of other reports. Cowen and Company reissued a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. BidaskClub lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, UBS AG upped their price objective on shares of LyondellBasell Industries NV from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.56.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down $0.07 during trading on Wednesday, hitting $104.19. 1,547,800 shares of the company traded hands, compared to its average volume of 2,616,711. The company has a market cap of $41,126.43, a price-to-earnings ratio of 10.78, a PEG ratio of 1.16 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $107.83.

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In related news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries NV stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of LyondellBasell Industries NV by 2.8% during the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after buying an additional 821,391 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of LyondellBasell Industries NV by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after buying an additional 473,129 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of LyondellBasell Industries NV by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after buying an additional 2,327,350 shares in the last quarter. Capital World Investors boosted its holdings in shares of LyondellBasell Industries NV by 23.0% during the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after buying an additional 3,651,750 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of LyondellBasell Industries NV by 0.6% during the 1st quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after buying an additional 88,954 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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