Alembic Global Advisors Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective dropped by investment analysts at Alembic Global Advisors from $95.00 to $83.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Alembic Global Advisors’ price target points to a potential upside of 53.42% from the company’s current price.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group raised their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Zacks Research raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Bank of America lowered their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $73.56.

LyondellBasell Industries Trading Up 2.9%

Shares of LYB stock traded up $1.52 during mid-day trading on Thursday, hitting $54.10. 742,697 shares of the company’s stock were exchanged, compared to its average volume of 6,931,708. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock has a 50-day simple moving average of $66.82 and a two-hundred day simple moving average of $61.73. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of -21.73, a PEG ratio of 0.12 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries will post 9.22 EPS for the current fiscal year.

Institutional Trading of LyondellBasell Industries

A number of institutional investors have recently modified their holdings of LYB. Capital World Investors raised its position in LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after purchasing an additional 1,135,258 shares during the period. Bruce & Co. Inc. boosted its position in shares of LyondellBasell Industries by 50.0% in the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after buying an additional 20,000 shares during the period. Barclays PLC boosted its position in shares of LyondellBasell Industries by 3.5% in the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock worth $49,352,000 after buying an additional 33,873 shares during the period. Capital International Inc. CA grew its stake in shares of LyondellBasell Industries by 29.2% in the third quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after buying an additional 15,644 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 354,380 shares of the specialty chemicals company’s stock valued at $17,379,000 after buying an additional 20,906 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

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.