BMO Capital Markets Increases LyondellBasell Industries (NYSE:LYB) Price Target to $38.00

LyondellBasell Industries (NYSE:LYB) had its target price increased by investment analysts at BMO Capital Markets from $36.00 to $38.00 in a report issued on Friday,MarketScreener reports. BMO Capital Markets’ price target points to a potential downside of 33.00% from the stock’s previous close.

A number of other equities analysts have also issued reports on LYB. Royal Bank Of Canada raised their price target on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, January 7th. Bank of America cut their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Reduce” and a consensus price target of $51.12.

LyondellBasell Industries Stock Performance

LYB stock traded up $1.39 during trading on Friday, reaching $56.72. The company had a trading volume of 12,091,124 shares, compared to its average volume of 6,510,702. The company has a market cap of $18.26 billion, a price-to-earnings ratio of -24.34, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $78.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm has a 50-day simple moving average of $49.55 and a 200-day simple moving average of $49.21.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The business’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently made changes to their positions in the company. Capital A Wealth Management LLC boosted its stake in shares of LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the last quarter. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries during the 2nd quarter worth $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $26,000. EMC Capital Management acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $29,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of LyondellBasell Industries by 97.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.