LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

LyondellBasell Industries (NYSE:LYB) had its price objective hoisted by analysts at Royal Bank Of Canada from $49.00 to $51.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 10.82% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Wells Fargo & Company increased their price objective on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday. Jefferies Financial Group lowered their price target on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a report on Monday, December 8th. Wolfe Research lowered their price objective on shares of LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating for the company in a research report on Friday, January 16th. UBS Group lowered their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Reduce” and a consensus price target of $51.28.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $57.19 on Tuesday. The stock has a market capitalization of $18.41 billion, a P/E ratio of -24.54, a P/E/G ratio of 0.35 and a beta of 0.70. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $78.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The firm’s 50-day moving average is $46.89 and its two-hundred day moving average is $49.47.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company posted $0.75 EPS. The business’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New York Life Investment Management LLC lifted its stake in shares of LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after acquiring an additional 193 shares during the period. State of Michigan Retirement System raised its holdings in LyondellBasell Industries by 0.3% during the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after purchasing an additional 200 shares in the last quarter. Cooper Financial Group lifted its position in LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 211 shares during the period. Capital Investment Advisory Services LLC boosted its stake in LyondellBasell Industries by 2.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 226 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of LyondellBasell Industries by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after purchasing an additional 241 shares during the period. Institutional investors own 71.20% of the company’s stock.

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.