Analysts Issue Forecasts for LyondellBasell Industries NV’s FY2018 Earnings (LYB)
LyondellBasell Industries NV (NYSE:LYB) – Equities research analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of LyondellBasell Industries in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will earn $9.73 per share for the year, up from their previous forecast of $9.46. SunTrust Banks currently has a “Hold” rating and a $100.00 target price on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ FY2019 earnings at $9.14 EPS.
A number of other equities research analysts have also recently commented on the company. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Monday, December 18th. UBS Group increased their price target on LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Cowen reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, October 4th. cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Tuesday, October 10th. Finally, Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $103.74.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Glenview Trust Co grew its holdings in LyondellBasell Industries by 0.4% during the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock worth $1,186,000 after acquiring an additional 50 shares during the period. Kingfisher Capital LLC grew its holdings in LyondellBasell Industries by 0.5% during the second quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after acquiring an additional 75 shares during the period. Advisory Services Network LLC grew its holdings in LyondellBasell Industries by 0.4% during the second quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after acquiring an additional 81 shares during the period. Fiera Capital Corp grew its holdings in LyondellBasell Industries by 2.5% in the second quarter. Fiera Capital Corp now owns 3,827 shares of the specialty chemicals company’s stock valued at $323,000 after purchasing an additional 94 shares during the period. Finally, WESPAC Advisors SoCal LLC grew its holdings in LyondellBasell Industries by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 100 shares during the period. 74.09% of the stock is currently owned by hedge funds and other institutional investors.
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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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