Recent Analysts’ Ratings Changes for LyondellBasell Industries (LYB)

A number of firms have modified their ratings and price targets on shares of LyondellBasell Industries (NYSE: LYB) recently:

  • 8/15/2018 – LyondellBasell Industries had its price target raised by analysts at Citigroup Inc from $122.00 to $125.00. They now have a “buy” rating on the stock.
  • 8/10/2018 – LyondellBasell Industries had its price target raised by analysts at Cowen Inc from $110.00 to $113.00. They now have a “market perform” rating on the stock.
  • 8/9/2018 – LyondellBasell Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $127.00 price target on the stock. According to Zacks, “LyondellBasell saw its profits jump year over year in second-quarter 2018. Earnings for the quarter topped the Zacks Consensus Estimate. Sales rose by double-digits year over year and surpassed expectations. LyondellBasell has outperformed the industry it belongs to over a year. LyondellBasell is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. The company's HDPE project should boost capacity and add to its earnings. The proposed buyout of A. Schulman will also create significant cost synergies. LyondellBasell also remains committed to deliver greater value to its shareholders leveraging healthy cash flows.”
  • 8/7/2018 – LyondellBasell Industries had its price target raised by analysts at BMO Capital Markets from $111.00 to $112.00. They now have a “market perform” rating on the stock.
  • 7/18/2018 – LyondellBasell Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LyondellBasell has outperformed the industry it belongs to over a year. LyondellBasell is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. The company's  HDPE project should boost capacity and add to its earnings. The proposed buyout of A. Schulman will also create significant cost synergies. LyondellBasell also remains committed to deliver greater value to its shareholders leveraging healthy cash flows. However, LyondellBasell’s operations remain subject to maintenance outages which is affecting its results. The company is also exposed to raw material cost inflation. Its U.S. olefin margins also remain under pressure.”
  • 7/10/2018 – LyondellBasell Industries had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $122.00 price target on the stock.
  • 7/4/2018 – LyondellBasell Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/2/2018 – LyondellBasell Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $123.00 price target on the stock. According to Zacks, “Annual estimates for LyondellBasell have been going up of late. The company has outperformed the industry it belongs to over a year. LyondellBasell is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. The company's  HDPE project should boost capacity and add to its earnings. The proposed buyout of A. Schulman will also create significant cost synergies. LyondellBasell also remains committed to deliver greater value to its shareholders leveraging healthy cash flows.”

Shares of LYB traded up $1.15 during trading hours on Friday, reaching $113.10. 1,766,668 shares of the company traded hands, compared to its average volume of 2,217,790. The firm has a market capitalization of $43.83 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.02 and a beta of 1.09. LyondellBasell Industries NV has a 12-month low of $85.35 and a 12-month high of $121.95. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71.

Several institutional investors and hedge funds have recently modified their holdings of LYB. Verity Asset Management Inc. bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $1,743,000. Benedict Financial Advisors Inc. raised its holdings in shares of LyondellBasell Industries by 4.4% in the first quarter. Benedict Financial Advisors Inc. now owns 11,456 shares of the specialty chemicals company’s stock valued at $1,211,000 after acquiring an additional 483 shares in the last quarter. MRJ Capital Inc. raised its holdings in shares of LyondellBasell Industries by 0.9% in the first quarter. MRJ Capital Inc. now owns 54,700 shares of the specialty chemicals company’s stock valued at $5,780,000 after acquiring an additional 500 shares in the last quarter. HL Financial Services LLC raised its holdings in shares of LyondellBasell Industries by 37.4% in the first quarter. HL Financial Services LLC now owns 53,491 shares of the specialty chemicals company’s stock valued at $5,653,000 after acquiring an additional 14,572 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $511,000. 74.04% of the stock is owned by hedge funds and other institutional investors.

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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