LyondellBasell Industries (NYSE:LYB) Upgraded by KeyCorp to Hold Rating

LyondellBasell Industries (NYSE:LYB) was upgraded by research analysts at KeyCorp to a “hold” rating in a report released on Thursday, Zacks reports. KeyCorp also issued estimates for LyondellBasell Industries’ FY2028 earnings at $6.40 EPS.

A number of other research analysts also recently issued reports on LYB. Wall Street Zen downgraded LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Bank of America dropped their price objective on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets lifted their target price on LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. UBS Group increased their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.56.

LyondellBasell Industries Price Performance

NYSE LYB opened at $64.33 on Thursday. The company has a market cap of $20.78 billion, a PE ratio of -56.93, a P/E/G ratio of 0.18 and a beta of 0.31. The firm’s 50 day moving average price is $61.52 and its 200-day moving average price is $66.00. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 9.2 EPS for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Several large investors have recently bought and sold shares of LYB. Woodline Partners LP lifted its stake in shares of LyondellBasell Industries by 40.4% during the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after buying an additional 6,297 shares during the period. Focus Partners Wealth increased its position in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after acquiring an additional 1,796 shares during the period. Baird Financial Group Inc. raised its stake in LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 12,087 shares during the last quarter. Cerity Partners LLC lifted its position in LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after acquiring an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in LyondellBasell Industries by 9.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after acquiring an additional 3,715 shares during the period. Hedge funds and other 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 that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.