Zacks: LSB Industries Inc. (NYSE:LXU) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of LSB Industries Inc. (NYSE:LXU) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $18.00 for the company and are expecting that the company will post ($0.60) EPS for the current quarter, according to Zacks. Zacks has also assigned LSB Industries an industry rank of 162 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised LSB Industries from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
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LSB Industries (NYSE:LXU) traded down 0.8060% during mid-day trading on Wednesday, reaching $8.2331. 183,789 shares of the company’s stock were exchanged. The company’s market cap is $229.99 million. LSB Industries has a 52-week low of $3.68 and a 52-week high of $20.09. The stock has a 50-day moving average price of $10.98 and a 200 day moving average price of $12.21.
LSB Industries (NYSE:LXU) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.36. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The firm had revenue of $109.98 million for the quarter, compared to analyst estimates of $167.65 million. During the same period last year, the company earned $0.02 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. Equities analysts predict that LSB Industries will post ($2.40) earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in LXU. VNBTrust National Association increased its stake in LSB Industries by 24.6% in the first quarter. VNBTrust National Association now owns 117,800 shares of the company’s stock valued at $1,502,000 after buying an additional 23,225 shares during the last quarter. Nisa Investment Advisors L.L.C. bought a new stake in LSB Industries during the first quarter valued at approximately $342,000. Ramsey Quantitative Systems increased its stake in LSB Industries by 1.4% in the first quarter. Ramsey Quantitative Systems now owns 77,690 shares of the company’s stock valued at $991,000 after buying an additional 1,051 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in LSB Industries during the first quarter valued at approximately $196,000. Finally, Prudential Financial Inc. increased its stake in LSB Industries by 7.6% in the first quarter. Prudential Financial Inc. now owns 48,358 shares of the company’s stock valued at $617,000 after buying an additional 3,400 shares during the last quarter. 69.69% of the stock is owned by institutional investors.
About LSB Industries
LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.
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