Mizuho Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB) had its target price increased by Mizuho from $62.00 to $74.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s target price would suggest a potential downside of 2.64% from the company’s current price.

A number of other research firms also recently weighed in on LYB. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, March 9th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $65.61.

LyondellBasell Industries Trading Up 6.3%

Shares of LyondellBasell Industries stock opened at $76.00 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm has a 50-day moving average of $59.10 and a 200-day moving average of $51.05. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $77.36. The stock has a market cap of $24.49 billion, a PE ratio of -32.62, a PEG ratio of 0.41 and a beta of 0.64.

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

Insiders Place Their Bets

In related 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 value of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its holdings in shares of LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 16,234 shares in the last quarter. Hosking Partners LLP lifted its stake in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after acquiring an additional 148,673 shares during the last quarter. Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares in the last quarter. Norges Bank bought a new stake in LyondellBasell Industries during the 2nd quarter worth $280,000,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in LyondellBasell Industries during the 2nd quarter worth $2,192,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.