LyondellBasell Industries (NYSE:LYB) had its price target increased by Morgan Stanley from $96.00 to $116.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s target price would indicate a potential upside of 13.33% from the company’s previous close.

A number of other equities analysts have also recently issued reports on LYB. Bank of America upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $115.00 in a research report on Monday, February 22nd. Argus raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Tuesday, February 2nd. Exane BNP Paribas lowered shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Wednesday, January 6th. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $130.00 in a research report on Monday, March 8th. Finally, Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a research report on Monday, March 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.59.

LYB traded down $1.24 during midday trading on Thursday, reaching $102.36. 28,504 shares of the company’s stock were exchanged, compared to its average volume of 1,763,582. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.25 and a quick ratio of 1.41. The stock has a market capitalization of $34.20 billion, a PE ratio of 29.05, a P/E/G ratio of 1.58 and a beta of 1.55. The business’s 50-day moving average price is $105.10 and its 200 day moving average price is $89.57. LyondellBasell Industries has a 1-year low of $44.33 and a 1-year high of $112.73.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Thursday, January 28th. The specialty chemicals company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.83. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.06 billion. LyondellBasell Industries had a net margin of 4.23% and a return on equity of 24.09%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 4.77 EPS for the current fiscal year.

In other LyondellBasell Industries news, SVP Kimberly A. Foley sold 2,261 shares of the business’s stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $103.50, for a total transaction of $234,013.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 2,562 shares of company stock valued at $263,516. 0.18% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in shares of LyondellBasell Industries by 40.5% in the fourth quarter. Sound Income Strategies LLC now owns 49,798 shares of the specialty chemicals company’s stock valued at $4,564,000 after purchasing an additional 14,348 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of LyondellBasell Industries by 3.9% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 236,200 shares of the specialty chemicals company’s stock valued at $21,650,000 after purchasing an additional 8,900 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of LyondellBasell Industries by 25.4% in the third quarter. Public Sector Pension Investment Board now owns 31,106 shares of the specialty chemicals company’s stock valued at $2,193,000 after purchasing an additional 6,300 shares during the period. Old Port Advisors boosted its stake in shares of LyondellBasell Industries by 3.6% in the fourth quarter. Old Port Advisors now owns 21,537 shares of the specialty chemicals company’s stock valued at $1,923,000 after purchasing an additional 742 shares during the period. Finally, Sawtooth Solutions LLC raised its holdings in LyondellBasell Industries by 10.9% in the fourth quarter. Sawtooth Solutions LLC now owns 18,027 shares of the specialty chemicals company’s stock valued at $1,652,000 after acquiring an additional 1,771 shares in the last quarter. Institutional investors and hedge funds own 67.61% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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