LyondellBasell Industries (LYB) Upgraded to “Buy” by Nomura

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Nomura upgraded shares of LyondellBasell Industries (NYSE:LYB) from a neutral rating to a buy rating in a research report report published on Monday, Benzinga reports. Nomura currently has $113.00 target price on the specialty chemicals company’s stock, up from their previous target price of $87.00.

Several other research analysts also recently issued reports on the company. Bank of America raised LyondellBasell Industries from an underperform rating to a buy rating and set a $105.00 price target for the company in a research note on Tuesday, April 2nd. Goldman Sachs Group raised LyondellBasell Industries from a neutral rating to a buy rating and lifted their price target for the stock from $104.00 to $125.00 in a research note on Wednesday, March 6th. Dougherty & Co downgraded LyondellBasell Industries from a buy rating to a neutral rating in a research note on Friday, February 22nd. reaffirmed a buy rating and set a $120.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Finally, Cowen reissued a market perform rating and issued a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $116.94.

LYB stock opened at $92.22 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.10 and a current ratio of 1.92. LyondellBasell Industries has a twelve month low of $77.52 and a twelve month high of $119.39. The company has a market cap of $34.18 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.93 and a beta of 1.10.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.30). The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $9.22 billion. LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. As a group, analysts predict that LyondellBasell Industries will post 10.24 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in LyondellBasell Industries by 4.7% in the 4th quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock worth $221,000 after acquiring an additional 120 shares during the period. Bell & Brown Wealth Advisors LLC increased its position in LyondellBasell Industries by 2.4% in the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 125 shares during the period. First Command Financial Services Inc. increased its position in LyondellBasell Industries by 64.4% in the first quarter. First Command Financial Services Inc. now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 125 shares during the period. Dynamic Advisor Solutions LLC increased its position in LyondellBasell Industries by 2.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock worth $430,000 after buying an additional 134 shares during the period. Finally, Private Capital Group LLC increased its position in LyondellBasell Industries by 10.4% in the fourth quarter. Private Capital Group LLC now owns 1,513 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 143 shares during the period. 72.49% of the stock is owned by institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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