LyondellBasell Industries N.V. (NYSE:LYB) Receives $69.75 Consensus Target Price from Analysts

LyondellBasell Industries N.V. (NYSE:LYBGet Free Report) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $69.75.

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, April 28th. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th.

Read Our Latest Report on LyondellBasell Industries

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $3,760,000. M&T Bank Corp boosted its stake in shares of LyondellBasell Industries by 2.4% in the 4th quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock valued at $1,467,000 after purchasing an additional 461 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of LyondellBasell Industries by 28.3% in the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company’s stock worth $642,000 after purchasing an additional 2,021 shares during the last quarter. Allworth Financial LP increased its position in shares of LyondellBasell Industries by 59.6% during the 4th quarter. Allworth Financial LP now owns 1,511 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 564 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of LyondellBasell Industries by 1.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 120,838 shares of the specialty chemicals company’s stock worth $8,959,000 after purchasing an additional 1,403 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $58.28 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $18.73 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $100.46. The company has a 50 day moving average price of $57.90 and a two-hundred day moving average price of $68.08.

LyondellBasell Industries (NYSE:LYBGet Free Report) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 9.40%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio is 169.14%.

About LyondellBasell Industries

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LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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