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.
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 PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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