LyondellBasell Industries (NYSE:LYB) Upgraded by StockNews.com to “Buy” Rating

LyondellBasell Industries (NYSE:LYB) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms have also weighed in on LYB. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Barclays lowered their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Mizuho lowered their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Price Performance

LYB opened at $83.32 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 52-week low of $81.45 and a 52-week high of $107.02. The company has a 50 day moving average of $88.88 and a two-hundred day moving average of $93.72. The company has a market cap of $27.06 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.32 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYB. Janus Henderson Group PLC lifted its position in shares of LyondellBasell Industries by 0.9% in the 1st quarter. Janus Henderson Group PLC now owns 60,613 shares of the specialty chemicals company’s stock worth $6,197,000 after buying an additional 559 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of LyondellBasell Industries by 174.8% in the 1st quarter. Cetera Investment Advisers now owns 113,921 shares of the specialty chemicals company’s stock worth $11,652,000 after buying an additional 72,459 shares during the last quarter. Cetera Advisors LLC lifted its position in LyondellBasell Industries by 99.6% in the 1st quarter. Cetera Advisors LLC now owns 45,048 shares of the specialty chemicals company’s stock valued at $4,608,000 after purchasing an additional 22,476 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in LyondellBasell Industries by 15.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 188 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in LyondellBasell Industries by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,209 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 629 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Company Profile

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 PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.