Evercore Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB) had its price objective increased by investment analysts at Evercore from $57.00 to $70.00 in a research report issued on Wednesday,MarketScreener reports. Evercore’s price objective points to a potential downside of 0.98% from the stock’s current price.

A number of other research firms have also recently weighed in on LYB. Wall Street Zen upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $70.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Jefferies Financial Group increased their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Wolfe Research increased their price objective on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.05.

LyondellBasell Industries Stock Performance

LYB opened at $70.69 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The firm has a fifty day moving average price of $69.11 and a 200 day moving average price of $54.69. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The stock has a market cap of $22.82 billion, a P/E ratio of -30.34, a P/E/G ratio of 0.25 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. Equities research analysts anticipate that LyondellBasell Industries will post 5.44 earnings per share for the current year.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of LyondellBasell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Investment Research Partners LLC raised its holdings in LyondellBasell Industries by 4.4% in the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 214 shares during the period. Capital Investment Advisory Services LLC increased its position in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 226 shares during the last quarter. Rothschild Investment LLC increased its position in shares of LyondellBasell Industries by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after acquiring an additional 272 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of LyondellBasell Industries by 2.2% during the third quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company’s stock valued at $642,000 after acquiring an additional 282 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its position in shares of LyondellBasell Industries by 1.5% during the third quarter. Greenwood Capital Associates LLC now owns 19,459 shares of the specialty chemicals company’s stock valued at $954,000 after acquiring an additional 283 shares during the last quarter. Institutional investors and hedge funds 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.