LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by Vertical Research

LyondellBasell Industries (NYSE:LYB) was upgraded by investment analysts at Vertical Research from a “hold” rating to a “buy” rating in a report released on Monday, Marketbeat Ratings reports. The brokerage presently has a $75.00 price objective on the specialty chemicals company’s stock. Vertical Research’s price objective would suggest a potential upside of 11.50% from the stock’s previous close.

Several other research firms have also recently commented on LYB. Jefferies Financial Group lowered their target price on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, December 8th. Fermium Researc lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Wolfe Research dropped their target price on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research note on Monday, February 2nd. Finally, Mizuho increased their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $67.26 on Monday. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $78.41. The stock has a market capitalization of $21.67 billion, a P/E ratio of -28.87, a P/E/G ratio of 0.60 and a beta of 0.64. The firm’s 50-day moving average is $52.86 and its two-hundred day moving average is $49.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently modified their holdings of the company. Woodline Partners LP lifted its holdings in shares of LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after acquiring an additional 6,297 shares in the last quarter. Focus Partners Wealth increased its stake in shares of LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after buying an additional 1,796 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in LyondellBasell Industries during the 2nd quarter valued at $4,627,000. Wedbush Securities Inc. bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $1,551,000. Finally, Aviva PLC lifted its position in shares of LyondellBasell Industries by 6.4% during the second quarter. Aviva PLC now owns 193,261 shares of the specialty chemicals company’s stock worth $11,182,000 after purchasing an additional 11,548 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

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.