LyondellBasell Industries NV (LYB) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of LyondellBasell Industries NV (NYSE: LYB) in the last few weeks:

  • 8/1/2017 – LyondellBasell Industries NV was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – LyondellBasell Industries NV had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $94.00 price target on the stock, up previously from $90.00.
  • 7/31/2017 – LyondellBasell Industries NV had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $88.00 price target on the stock, up previously from $85.00.
  • 7/27/2017 – LyondellBasell Industries NV was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Annual estimates for LyondellBasell have been going down of late. LyondellBasell continues to face certain operational issues. Its operations remain subject to maintenance outages which is affecting its results. The company also faces pricing pressure and a weak operating environment in Europe. LyondellBasell has also underperformed the industry it belongs to over the last one year.”
  • 7/14/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $92.00 price target on the stock.
  • 7/11/2017 – LyondellBasell Industries NV was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/28/2017 – LyondellBasell Industries NV had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $110.00 price target on the stock.
  • 6/28/2017 – LyondellBasell Industries NV was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/26/2017 – LyondellBasell Industries NV is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $101.00 price target on the stock.
  • 6/25/2017 – LyondellBasell Industries NV had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $85.00 price target on the stock, down previously from $94.00.
  • 6/16/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $88.00 price target on the stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down 1.79% during midday trading on Thursday, hitting $87.60. 2,176,687 shares of the company’s stock were exchanged. The firm has a market cap of $34.67 billion, a price-to-earnings ratio of 9.78 and a beta of 1.06. LyondellBasell Industries NV has a 52 week low of $74.02 and a 52 week high of $97.64. The company has a 50-day moving average of $85.69 and a 200-day moving average of $86.91.

LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries NV will post $9.89 EPS for the current fiscal year.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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