LSB Industries Upgraded to Neutral at Zacks (LXU)
LSB Industries (NYSE:LXU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a $33.10 target price on the stock. Zacks‘ price objective points to a potential upside of 2.54% from the stock’s previous close.
Shares of LSB Industries (NYSE:LXU) traded up 1.89% on Tuesday, hitting $32.89. 76,137 shares of the company’s stock traded hands. LSB Industries has a one year low of $28.15 and a one year high of $45.00. The stock’s 50-day moving average is $32.05 and its 200-day moving average is $33.29. The company has a market cap of $738.1 million and a P/E ratio of 29.56.
LSB Industries (NYSE:LXU) last announced its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $202.20 million for the quarter, compared to the consensus estimate of $181.26 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that LSB Industries will post $1.99 earnings per share for the current fiscal year.
LSB Industries, Inc is a diversified holding company involved in manufacturing and marketing operations through its subsidiaries.
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