Mizuho Increases LyondellBasell Industries (NYSE:LYB) Price Target to $125.00

LyondellBasell Industries (NYSE:LYBGet Rating) had its price target upped by research analysts at Mizuho from $122.00 to $125.00 in a research note issued to investors on Tuesday, The Fly reports. Mizuho’s target price points to a potential upside of 14.73% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Bank of America cut LyondellBasell Industries from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $107.00 to $108.00 in a research note on Tuesday, March 22nd. Citigroup lifted their price objective on LyondellBasell Industries from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, January 31st. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 31st. Finally, Wells Fargo & Company lifted their target price on LyondellBasell Industries from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.73.

LYB opened at $108.95 on Tuesday. The stock has a market cap of $35.69 billion, a PE ratio of 6.51, a PEG ratio of 0.84 and a beta of 1.40. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $101.67 and a 200-day moving average of $96.87. LyondellBasell Industries has a 52 week low of $84.17 and a 52 week high of $118.01.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its earnings results on Friday, January 28th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the Zacks’ consensus estimate of $3.85 by ($0.22). The firm had revenue of $12.83 billion during the quarter, compared to analysts’ expectations of $12.18 billion. LyondellBasell Industries had a net margin of 12.16% and a return on equity of 56.72%. The company’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.19 EPS. Equities analysts anticipate that LyondellBasell Industries will post 15.92 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in LyondellBasell Industries by 164.1% during the 3rd quarter. Wellington Management Group LLP now owns 8,182,031 shares of the specialty chemicals company’s stock worth $767,884,000 after acquiring an additional 5,083,693 shares during the period. Norges Bank bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $223,744,000. Deutsche Bank AG raised its stake in LyondellBasell Industries by 169.4% during the 3rd quarter. Deutsche Bank AG now owns 3,217,925 shares of the specialty chemicals company’s stock worth $302,001,000 after acquiring an additional 2,023,400 shares during the period. Marathon Asset Mgmt Ltd bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $85,807,000. Finally, Renaissance Technologies LLC raised its stake in LyondellBasell Industries by 162.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,270,800 shares of the specialty chemicals company’s stock worth $117,206,000 after acquiring an additional 787,300 shares during the period. 69.39% of the stock is owned by institutional investors and hedge funds.

About LyondellBasell Industries (Get Rating)

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 PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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