LyondellBasell Industries (NYSE:LYB) received a $115.00 target price from Morgan Stanley in a report released on Saturday. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective suggests a potential upside of 10.47% from the company’s current price.
LYB has been the subject of a number of other reports. Cowen restated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Thursday, October 12th. SunTrust Banks restated a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Barclays boosted their target price on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. Finally, downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $100.47.
LyondellBasell Industries (NYSE:LYB) traded down $0.60 during trading on Friday, reaching $104.10. 2,322,788 shares of the company were exchanged, compared to its average volume of 1,702,011. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $107.83. The stock has a market capitalization of $41,063.29, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in LyondellBasell Industries by 2.8% during the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after buying an additional 821,391 shares during the period. Vanguard Group Inc. grew its stake in LyondellBasell Industries by 2.0% during the second quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock worth $2,070,041,000 after buying an additional 473,129 shares during the period. BlackRock Inc. boosted its stake in shares of LyondellBasell Industries by 11.6% in the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the period. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 23.0% in the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of LyondellBasell Industries by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after purchasing an additional 1,069,625 shares during the period. Institutional investors own 74.29% of the company’s stock.
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LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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