Zacks Investment Research upgraded shares of LyondellBasell Industries (NYSE:LYB) from a hold rating to a buy rating in a report issued on Monday. Zacks Investment Research currently has $132.00 price target on the specialty chemicals company’s stock.

According to Zacks, “LyondellBasell’s profits surged year over year in fourth-quarter 2017. Adjusted earnings and sales for the quarter beat the respective Zacks Consensus Estimate. LyondellBasell has outperformed the industry it belongs to over the last three months. LyondellBasell's ethylene expansion initiatives and the HDPE project should boost capacity and add to its earnings. The company also remains committed to boosting shareholder returns.”

Other equities analysts have also issued reports about the stock. SunTrust Banks reissued a hold rating and set a $100.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, November 1st. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the stock a sector perform rating in a research report on Tuesday, October 31st. ValuEngine raised shares of LyondellBasell Industries from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. UBS Group raised their price target on shares of LyondellBasell Industries from $88.00 to $96.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co reissued an outperform rating and set a $125.00 price target (up from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $107.84.

LyondellBasell Industries (LYB) opened at $110.27 on Monday. LyondellBasell Industries has a 1 year low of $78.01 and a 1 year high of $121.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The stock has a market cap of $43,500.00, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm posted $1.94 EPS. LyondellBasell Industries’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts predict that LyondellBasell Industries will post 9.86 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of LYB. Kingfisher Capital LLC increased its holdings in LyondellBasell Industries by 0.5% in the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after acquiring an additional 75 shares in the last quarter. Advisory Services Network LLC increased its holdings in LyondellBasell Industries by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after acquiring an additional 81 shares in the last quarter. Balentine LLC increased its holdings in LyondellBasell Industries by 5.4% in the 2nd quarter. Balentine LLC now owns 5,234 shares of the specialty chemicals company’s stock worth $442,000 after acquiring an additional 267 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in LyondellBasell Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after acquiring an additional 434 shares in the last quarter. Finally, Oakworth Capital Inc. increased its holdings in LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 501 shares in the last quarter. 74.28% of the stock is owned by hedge funds and other institutional investors.

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LyondellBasell Industries 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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