LyondellBasell Industries NV (LYB) Price Target Raised to $95.00 at Cowen and Company
LyondellBasell Industries NV (NYSE:LYB) had its price target upped by Cowen and Company from $90.00 to $95.00 in a research report report published on Monday. They currently have a market perform rating on the specialty chemicals company’s stock.
LYB has been the topic of a number of other research reports. UBS AG reaffirmed a neutral rating and issued a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a research report on Sunday, June 25th. HSBC Holdings plc began coverage on LyondellBasell Industries NV in a research report on Monday, June 26th. They issued a buy rating and a $101.00 price target on the stock. Sanford C. Bernstein reaffirmed an outperform rating and issued a $110.00 price target on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. BidaskClub raised LyondellBasell Industries NV from a strong sell rating to a sell rating in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $92.00 price target on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $96.67.
LyondellBasell Industries NV (NYSE:LYB) opened at 97.70 on Monday. LyondellBasell Industries NV has a 1-year low of $76.71 and a 1-year high of $100.74. The firm has a 50-day moving average price of $95.64 and a 200 day moving average price of $87.46. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 10.91 and a beta of 1.04.
LyondellBasell Industries NV (NYSE:LYB) last posted its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.52 billion. During the same quarter in the prior year, the company earned $2.56 EPS. LyondellBasell Industries NV’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries NV will post $10.00 EPS for the current fiscal year.
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In other news, Director Jagjeet S. Bindra sold 3,224 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. BlackRock Inc. increased its holdings in shares of LyondellBasell Industries NV by 2,032.9% in the 1st quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock valued at $1,829,488,000 after acquiring an additional 19,121,769 shares during the last quarter. Janus Henderson Group PLC grew its stake in LyondellBasell Industries NV by 10,925.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after buying an additional 5,021,985 shares during the last quarter. FMR LLC grew its stake in LyondellBasell Industries NV by 20.7% during the 1st quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock worth $2,656,249,000 after buying an additional 4,990,465 shares during the last quarter. Capital World Investors grew its stake in LyondellBasell Industries NV by 23.0% during the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after buying an additional 3,651,750 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. purchased a new position in LyondellBasell Industries NV during the 2nd quarter worth approximately $102,907,000. Institutional investors and hedge funds own 73.71% of the company’s stock.
LyondellBasell Industries NV Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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