Wall Street Zen Downgrades LyondellBasell Industries (NYSE:LYB) to Hold

LyondellBasell Industries (NYSE:LYB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other analysts also recently issued research reports about the stock. Evercore upped their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Morgan Stanley upped their price objective on LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group increased their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price target on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $72.22.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $56.30 on Monday. The company has a fifty day moving average price of $64.46 and a two-hundred day moving average price of $62.27. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94. The stock has a market cap of $18.17 billion, a P/E ratio of -22.61, a P/E/G ratio of 0.18 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that LyondellBasell Industries will post 9.07 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Gradient Investments LLC purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth about $12,504,000. Oxbow Advisors LLC bought a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $4,616,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of LyondellBasell Industries by 32.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company’s stock worth $2,633,000 after buying an additional 14,006 shares during the last quarter. Swedbank AB raised its position in shares of LyondellBasell Industries by 16.0% during the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock valued at $10,510,000 after buying an additional 33,399 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $7,703,000. 71.20% of the stock is owned by institutional investors.

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.