Brokerages Set LyondellBasell Industries NV (LYB) Price Target at $116.47

Shares of LyondellBasell Industries NV (NYSE:LYB) have received an average recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $116.47.

LYB has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on LyondellBasell Industries from $111.00 to $112.00 and gave the company a “market perform” rating in a report on Tuesday, August 7th. Cowen increased their price objective on LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. BNP Paribas initiated coverage on LyondellBasell Industries in a report on Tuesday, October 2nd. They issued an “outperform” rating and a $129.00 price objective for the company. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Thursday, August 9th. Finally, Standpoint Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th.

In related news, major shareholder Ai Investments Holdings Llc acquired 2,186,973 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $95.60 per share, with a total value of $209,074,618.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders bought 4,396,236 shares of company stock valued at $418,088,113. 0.09% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC raised its stake in LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after acquiring an additional 552 shares during the period. Atlas Capital Advisors LLC raised its stake in LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after acquiring an additional 661 shares during the period. Sun Life Financial INC raised its stake in LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 894 shares during the period. Reilly Financial Advisors LLC raised its stake in LyondellBasell Industries by 504.6% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock valued at $135,000 after acquiring an additional 1,100 shares during the period. Finally, CI Investments Inc. bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $154,000. Institutional investors and hedge funds own 72.64% of the company’s stock.

NYSE:LYB opened at $90.84 on Thursday. LyondellBasell Industries has a twelve month low of $85.60 and a twelve month high of $121.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.82 and a quick ratio of 1.09. The company has a market cap of $34.85 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.81 and a beta of 1.24.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The firm had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the prior year, the firm posted $2.67 EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts forecast that LyondellBasell Industries will post 11.8 earnings per share for the current fiscal year.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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