SunTrust Banks Weighs in on LyondellBasell Industries NV’s Q1 2018 Earnings (LYB)

LyondellBasell Industries NV (NYSE:LYB) – Investment analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of LyondellBasell Industries in a note issued to investors on Monday. SunTrust Banks analyst J. Sheehan forecasts that the specialty chemicals company will post earnings per share of $3.03 for the quarter. SunTrust Banks currently has a “Hold” rating and a $105.00 target price on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q3 2018 earnings at $2.44 EPS, FY2018 earnings at $10.53 EPS and FY2019 earnings at $10.97 EPS.

Several other brokerages also recently issued reports on LYB. ValuEngine raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 31st. Citigroup raised their price objective on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Cowen raised their price objective on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Finally, UBS Group raised their price objective on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $107.84.

LyondellBasell Industries (NYSE:LYB) opened at $110.27 on Thursday. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $121.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The stock has a market cap of $44,897.47, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the firm posted $1.94 EPS. LyondellBasell Industries’s revenue for the quarter was up 17.9% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. U S Global Investors Inc. lifted its stake in shares of LyondellBasell Industries by 40.0% in the second quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 1,400 shares during the period. Torray LLC lifted its stake in shares of LyondellBasell Industries by 7.0% in the third quarter. Torray LLC now owns 14,320 shares of the specialty chemicals company’s stock valued at $1,418,000 after purchasing an additional 940 shares during the period. Guardian Capital LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $363,000. Wells Fargo & Company MN lifted its stake in shares of LyondellBasell Industries by 27.4% in the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock valued at $173,383,000 after purchasing an additional 376,317 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $736,000. Hedge funds and other institutional investors own 74.28% 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.

Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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