Analysts Set LyondellBasell Industries (NYSE:LYB) Target Price at $102.31

LyondellBasell Industries (NYSE:LYB) has received an average rating of “Hold” from the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $100.88.

A number of research firms have recently weighed in on LYB. Wolfe Research began coverage on LyondellBasell Industries in a research report on Wednesday, June 9th. They set a “market perform” rating on the stock. Alembic Global Advisors reissued a “buy” rating and issued a $120.00 target price on shares of LyondellBasell Industries in a report on Monday, August 9th. Bank of America lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating and dropped their target price for the company from $117.00 to $114.00 in a report on Friday, July 16th. TheStreet raised LyondellBasell Industries from a “c+” rating to a “b-” rating in a report on Friday, July 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $125.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, August 2nd.

NYSE:LYB opened at $93.83 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average is $98.98 and its two-hundred day moving average is $104.55. LyondellBasell Industries has a 52 week low of $66.72 and a 52 week high of $118.01. The stock has a market capitalization of $31.39 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 30th. The specialty chemicals company reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.67 by $0.46. LyondellBasell Industries had a return on equity of 49.55% and a net margin of 11.59%. The company had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.09 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 108.5% compared to the same quarter last year. On average, sell-side analysts expect that LyondellBasell Industries will post 19.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Stockholders of record on Monday, August 30th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, August 27th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.82%. LyondellBasell Industries’s dividend payout ratio (DPR) is 80.57%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sittner & Nelson LLC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $26,000. Pacitti Group Inc. boosted its holdings in shares of LyondellBasell Industries by 79.9% in the 2nd quarter. Pacitti Group Inc. now owns 259 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of LyondellBasell Industries by 122.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 267 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 147 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $29,000. Finally, Samalin Investment Counsel LLC acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $29,000. 69.35% of the stock is owned by institutional investors and hedge funds.

About LyondellBasell Industries

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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