LyondellBasell Industries NV Receives Average Recommendation of “Buy” from Analysts (NYSE:LYB)
Shares of LyondellBasell Industries NV (NYSE:LYB) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, American Banking and Market News reports. Nine research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $103.00.
LyondellBasell Industries NV (NYSE:LYB) opened at 100.10 on Wednesday. LyondellBasell Industries NV has a 52-week low of $64.74 and a 52-week high of $102.63. The stock’s 50-day moving average is $98.19 and its 200-day moving average is $88.13. The company has a market cap of $52.782 billion and a P/E ratio of 14.46.
LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.01. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $11.17 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that LyondellBasell Industries NV will post $7.47 EPS for the current fiscal year.
A number of analysts have recently weighed in on LYB shares. Analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries NV from $98.00 to $115.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Thursday, June 12th. They now have a $109.00 price target on the stock, up previously from $99.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of LyondellBasell Industries NV in a research note on Tuesday, May 20th. They now have a $110.00 price target on the stock, up previously from $105.00.
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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