JPMorgan Chase & Co. assumed coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research report sent to investors on Friday morning, Briefing.com Automated Import reports. The brokerage issued an underweight rating and a $80.00 price objective on the specialty chemicals company’s stock.

Several other research analysts have also recently weighed in on the company. Nomura cut Infosys from a neutral rating to a reduce rating in a research note on Monday, April 15th. Citigroup raised Infosys from a neutral rating to a buy rating in a research note on Friday, July 12th. Deutsche Bank reaffirmed a buy rating and set a GBX 430 ($5.62) target price on shares of in a research note on Monday, June 17th. Jefferies Financial Group raised their target price on LyondellBasell Industries from $99.00 to $104.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Finally, Bank of America set a $18.00 target price on Victory Capital and gave the company a buy rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $107.38.

Shares of LYB stock opened at $84.22 on Friday. The company’s 50-day moving average price is $85.26. LyondellBasell Industries has a fifty-two week low of $73.94 and a fifty-two week high of $116.63. The company has a market capitalization of $31.82 billion, a PE ratio of 7.47, a P/E/G ratio of 0.92 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same quarter last year, the business posted $3.11 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries will post 10.43 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of LyondellBasell Industries by 1.2% in the 1st quarter. BlackRock Inc. now owns 22,850,940 shares of the specialty chemicals company’s stock valued at $1,921,305,000 after purchasing an additional 275,890 shares during the period. Janus Henderson Group PLC boosted its position in LyondellBasell Industries by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock worth $475,637,000 after acquiring an additional 93,201 shares during the period. Deutsche Bank AG boosted its position in LyondellBasell Industries by 45.4% during the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock worth $372,096,000 after acquiring an additional 1,396,953 shares during the period. Geode Capital Management LLC boosted its position in LyondellBasell Industries by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock worth $359,186,000 after acquiring an additional 203,826 shares during the period. Finally, LSV Asset Management boosted its position in LyondellBasell Industries by 6.0% during the 1st quarter. LSV Asset Management now owns 3,932,378 shares of the specialty chemicals company’s stock worth $330,634,000 after acquiring an additional 224,003 shares during the period. Institutional investors and hedge funds own 68.89% of the company’s stock.

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.

See Also: What are earnings reports?

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.