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

Several other analysts also recently issued reports on LYB. Deutsche Bank raised shares of LyondellBasell Industries from a hold rating to a buy rating and increased their price objective for the company from $94.00 to $95.00 in a research report on Monday, December 17th. Zacks Investment Research downgraded shares of LyondellBasell Industries from a hold rating to a sell rating in a research report on Wednesday, January 23rd. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the company a buy rating in a research report on Saturday, February 2nd. BMO Capital Markets lowered their price objective on shares of LyondellBasell Industries from $97.00 to $95.00 and set a market perform rating for the company in a research report on Tuesday, February 5th. Finally, Cowen reaffirmed a market perform rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $116.94.

LYB opened at $91.76 on Monday. The company has a market cap of $34.13 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. LyondellBasell Industries has a 1 year low of $77.52 and a 1 year high of $119.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.10.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $9.22 billion. On average, analysts expect that LyondellBasell Industries will post 10.27 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. First Command Bank boosted its stake in shares of LyondellBasell Industries by 64.4% during the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $31,000. Berman Capital Advisors LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of LyondellBasell Industries during the 1st quarter valued at approximately $33,000. Finally, Pflug Koory LLC boosted its stake in shares of LyondellBasell Industries by 100.0% during the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 72.50% of the company’s stock.

About LyondellBasell Industries

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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