LyondellBasell Industries (NYSE:LYB) has been given a $120.00 price target by research analysts at Alembic Global Advisors in a research note issued on Monday. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Alembic Global Advisors’ price objective suggests a potential upside of 30.34% from the company’s current price.

LYB has been the topic of several other research reports. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and cut their price target for the company from $110.00 to $95.00 in a report on Wednesday, September 19th. Citigroup cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price target for the company from $125.00 to $109.00 in a report on Monday, September 17th. Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, August 24th. Cowen cut their price target on shares of LyondellBasell Industries from $113.00 to $103.00 and set a “market perform” rating on the stock in a report on Friday, September 7th. Finally, Nomura cut their price target on shares of LyondellBasell Industries from $118.00 to $113.00 and set a “neutral” rating on the stock in a report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $116.23.

Shares of NYSE LYB opened at $92.07 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. LyondellBasell Industries has a 52 week low of $85.60 and a 52 week high of $121.95. The firm has a market capitalization of $36.85 billion, a P/E ratio of 9.00, a PEG ratio of 0.85 and a beta of 1.24.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the firm earned $2.67 earnings per share. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries will post 11.89 earnings per share for the current fiscal year.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 474,938 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were purchased at an average price of $91.51 per share, for a total transaction of $43,461,576.38. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 4,396,236 shares of company stock worth $418,088,113. Company insiders own 0.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in LYB. Hudock Capital Group LLC boosted its holdings in shares of LyondellBasell Industries by 151.6% during the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 552 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 192.2% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 661 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of LyondellBasell Industries by 843.4% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 894 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of LyondellBasell Industries by 1,670.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 1,186 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 504.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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