Piper Sandler Downgrades LSB Industries (NYSE:LXU) to Neutral

LSB Industries (NYSE:LXU – Get Rating) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $12.00 price objective on the conglomerate’s stock, down from their prior price objective of $22.00. Piper Sandler’s price target points to a potential upside of 33.93% from the company’s previous close.

Several other research analysts have also commented on LXU. TheStreet lowered LSB Industries from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. UBS Group dropped their target price on LSB Industries from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft began coverage on LSB Industries in a report on Tuesday, March 14th. They issued a “buy” rating and a $16.00 target price on the stock. StockNews.com began coverage on LSB Industries in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group dropped their target price on LSB Industries from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

LSB Industries Trading Down 1.3 %

LXU opened at $8.96 on Thursday. The firm has a market cap of $682.12 million, a price-to-earnings ratio of 4.04 and a beta of 1.50. LSB Industries has a 52 week low of $8.15 and a 52 week high of $22.23. The business’s 50 day moving average is $10.08 and its two-hundred day moving average is $12.42. The company has a quick ratio of 4.21, a current ratio of 4.44 and a debt-to-equity ratio of 1.32.

LSB Industries (NYSE:LXU – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The conglomerate reported $0.90 EPS for the quarter, topping the consensus estimate of $0.74 by $0.16. The company had revenue of $233.65 million for the quarter, compared to analyst estimates of $251.40 million. LSB Industries had a return on equity of 35.95% and a net margin of 21.22%. On average, research analysts predict that LSB Industries will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LXU. Lazard Asset Management LLC acquired a new position in LSB Industries during the fourth quarter worth $32,000. National Bank of Canada FI boosted its position in LSB Industries by 260.7% during the fourth quarter. National Bank of Canada FI now owns 2,518 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 1,820 shares in the last quarter. Lansing Street Advisors purchased a new stake in LSB Industries during the fourth quarter worth $38,000. New York State Teachers Retirement System purchased a new stake in LSB Industries during the third quarter worth $40,000. Finally, Tower Research Capital LLC TRC boosted its position in LSB Industries by 488.9% during the first quarter. Tower Research Capital LLC TRC now owns 4,493 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 3,730 shares in the last quarter. Institutional investors and hedge funds own 81.20% of the company’s stock.

About LSB Industries

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).