Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB) had its price target lifted by analysts at Deutsche Bank Aktiengesellschaft from $52.00 to $75.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 2.32% from the company’s previous close.

A number of other brokerages have also recently issued reports on LYB. Bank of America decreased their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 9th. BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and raised their target price for the company from $38.00 to $68.00 in a research note on Thursday, March 5th. Mizuho lifted their target price on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.44.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $73.30 on Thursday. The business’s fifty day moving average price is $58.08 and its 200 day moving average price is $50.84. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $77.36. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $23.62 billion, a P/E ratio of -31.46, a PEG ratio of 0.64 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. EMC Capital Management boosted its stake in shares of LyondellBasell Industries by 46.7% during the 4th quarter. EMC Capital Management now owns 2,200 shares of the specialty chemicals company’s stock valued at $95,000 after buying an additional 700 shares during the last quarter. Flax Pond Capital LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $3,494,000. SHP Wealth Management bought a new stake in shares of LyondellBasell Industries in the fourth quarter worth $39,000. Virtu Financial LLC raised its holdings in LyondellBasell Industries by 212.7% in the fourth quarter. Virtu Financial LLC now owns 93,876 shares of the specialty chemicals company’s stock valued at $4,065,000 after acquiring an additional 63,854 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new stake in LyondellBasell Industries in the fourth quarter valued at $52,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.