BMO Capital Markets Issues Positive Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective boosted by BMO Capital Markets from $36.00 to $38.00 in a note issued to investors on Friday,MarketScreener reports. BMO Capital Markets’ price objective suggests a potential downside of 33.00% from the company’s current price.

Several other equities analysts also recently weighed in on LYB. Bank of America cut their target price 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. Jefferies Financial Group reduced their target price on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, December 8th. UBS Group dropped their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Evercore reduced their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company upped their target price on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $51.12.

LyondellBasell Industries Price Performance

LYB stock traded up $1.39 during trading on Friday, hitting $56.72. 12,091,124 shares of the company’s stock traded hands, compared to its average volume of 6,510,702. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $78.41. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of -24.34, a P/E/G ratio of 0.38 and a beta of 0.70. The business has a fifty day simple moving average of $49.55 and a 200 day simple moving average of $49.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

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

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. MTM Investment Management LLC bought a new stake in LyondellBasell Industries during the second quarter valued at about $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter worth approximately $26,000. Capital A Wealth Management LLC lifted its position in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares during the last quarter. Stance Capital LLC purchased a new position in LyondellBasell Industries in the third quarter worth $27,000. Finally, EMC Capital Management acquired a new position in shares of LyondellBasell Industries during the second quarter worth $29,000. 71.20% of the stock is currently owned by institutional investors.

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.