LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

LyondellBasell Industries (NYSE:LYB) had its price target upped by investment analysts at BMO Capital Markets from $36.00 to $38.00 in a report released on Friday,MarketScreener reports. BMO Capital Markets’ price target points to a potential downside of 33.00% from the company’s previous close.

LYB has been the subject of a number of other research reports. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Evercore decreased their target price on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Citigroup boosted their target price on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Mizuho raised their price target on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Reduce” and an average target price of $51.12.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $56.72 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $78.41. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of -24.34, a PEG ratio of 0.39 and a beta of 0.70. The firm’s 50-day moving average is $49.55 and its 200 day moving average is $49.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Several hedge funds have recently modified their holdings of LYB. Sunbelt Securities Inc. increased its holdings in LyondellBasell Industries by 36.7% during the fourth quarter. Sunbelt Securities Inc. now owns 12,112 shares of the specialty chemicals company’s stock valued at $524,000 after buying an additional 3,250 shares during the period. White Knight Strategic Wealth Advisors LLC boosted its position in LyondellBasell Industries by 20.1% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,814 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 973 shares in the last quarter. Invesco Ltd. boosted its position in LyondellBasell Industries by 23.7% during the 4th quarter. Invesco Ltd. now owns 6,117,313 shares of the specialty chemicals company’s stock valued at $264,880,000 after acquiring an additional 1,173,869 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of LyondellBasell Industries by 28.0% in the 4th quarter. Corient Private Wealth LLC now owns 43,974 shares of the specialty chemicals company’s stock valued at $1,904,000 after acquiring an additional 9,618 shares during the period. Finally, Alberta Investment Management Corp bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $1,290,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.