LyondellBasell Industries (NYSE:LYB) Stock Rating Lowered by Zacks Research

LyondellBasell Industries (NYSE:LYB) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. BMO Capital Markets upped their price objective on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, May 4th. Mizuho dropped their price target on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Finally, Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $73.56.

LyondellBasell Industries Trading Up 1.5%

Shares of LyondellBasell Industries stock opened at $53.37 on Wednesday. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of -21.44, a P/E/G ratio of 0.17 and a beta of 0.32. The business has a fifty day simple moving average of $66.46 and a two-hundred day simple moving average of $61.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the firm earned $0.33 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts forecast that LyondellBasell Industries will post 8.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LYB. Versant Capital Management Inc raised its holdings in shares of LyondellBasell Industries by 148.8% in the 2nd quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 570 shares in the last quarter. DV Trading LLC purchased a new position in shares of LyondellBasell Industries in the first quarter worth $242,000. Parallel Advisors LLC raised its stake in shares of LyondellBasell Industries by 6.7% during the first quarter. Parallel Advisors LLC now owns 6,641 shares of the specialty chemicals company’s stock valued at $535,000 after acquiring an additional 415 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in LyondellBasell Industries by 47.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,454 shares of the specialty chemicals company’s stock worth $1,970,000 after buying an additional 7,865 shares during the period. Finally, Ipsen Advisor Group LLC lifted its stake in LyondellBasell Industries by 2.4% in the first quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock worth $754,000 after acquiring an additional 216 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.