LyondellBasell Industries N.V. (LYB) Scheduled to Post Quarterly Earnings on Tuesday
LyondellBasell Industries N.V. (NYSE:LYB) will be issuing its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $11.40 billion for the quarter.
Shares of LyondellBasell Industries N.V. (NYSE:LYB) opened at 77.10 on Monday. LyondellBasell Industries N.V. has a one year low of $44.87 and a one year high of $71.33. The stock’s 50-day moving average is $69.29 and its 200-day moving average is $65.25. The company has a market cap of $43.726 billion and a price-to-earnings ratio of 13.51.
A number of research firms have recently commented on LYB. Analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries N.V. from $83.00 to $90.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. On the ratings front, analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries N.V. from $68.00 to $77.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of LyondellBasell Industries N.V. from $77.00 to $83.00 in a research note to investors on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.57.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
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