LyondellBasell Industries N.V. (NYSE:LYB) Stock Has Average Price Target of $71.50 According to Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been given an average rating of “Hold” by the twenty-one brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $73.22.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group restated a “sell” rating and issued a $69.00 price target on shares of LyondellBasell Industries in a report on Monday. Mizuho set a $68.00 price objective on shares of LyondellBasell Industries in a research note on Monday. Royal Bank Of Canada boosted their target price on shares of LyondellBasell Industries from $68.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup upped their target price on shares of LyondellBasell Industries from $63.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $72.00 price target on shares of LyondellBasell Industries in a report on Monday.

Institutional Investors Weigh In On LyondellBasell Industries

A number of hedge funds have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. lifted its position in shares of LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock worth $879,000 after buying an additional 172 shares during the last quarter. Cidel Asset Management Inc. grew its position in shares of LyondellBasell Industries by 2.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,996 shares of the specialty chemicals company’s stock valued at $526,000 after buying an additional 193 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of LyondellBasell Industries by 26.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 199 shares during the last quarter. Ipsen Advisor Group LLC raised its stake in LyondellBasell Industries by 2.4% during 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. Finally, Moody National Bank Trust Division raised its stake in LyondellBasell Industries by 4.7% during the third quarter. Moody National Bank Trust Division now owns 6,116 shares of the specialty chemicals company’s stock worth $351,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 4.8%

Shares of NYSE LYB opened at $62.88 on Friday. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The stock has a fifty day moving average price of $62.76 and a 200 day moving average price of $63.81. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.99. The company has a market cap of $20.33 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.17 and a beta of 0.29.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 30th. The specialty chemicals company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.87 billion. LyondellBasell Industries had a net margin of 4.06% and a return on equity of 21.94%. LyondellBasell Industries’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. Research analysts anticipate that LyondellBasell Industries will post 9.22 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s payout ratio is presently 69.70%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.