Lsb Industries Inc. (NYSE:LXU) Stock Has Average Price Target of $14.67 According to Analysts

Shares of Lsb Industries Inc. (NYSE:LXU) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.67.

Several research analysts have issued reports on LXU shares. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings downgraded Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Monday, August 10th.

Lsb Industries Stock Up 1.4%

LXU opened at $9.90 on Monday. The stock’s 50 day moving average price is $10.59 and its 200 day moving average price is $12.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31. The stock has a market cap of $712.51 million, a P/E ratio of 19.79 and a beta of 0.44. Lsb Industries has a 12 month low of $7.97 and a 12 month high of $17.22.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). The firm had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. As a group, research analysts predict that Lsb Industries will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP boosted its holdings in Lsb Industries by 4.8% in the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock valued at $505,000 after purchasing an additional 2,144 shares during the period. Persistent Asset Partners Ltd bought a new position in shares of Lsb Industries during the 2nd quarter worth about $47,000. Quantinno Capital Management LP raised its position in Lsb Industries by 12.5% in the first quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate’s stock worth $746,000 after purchasing an additional 5,578 shares in the last quarter. MQS Management LLC bought a new position in Lsb Industries during the first quarter worth about $172,000. Finally, Cibc World Market Inc. acquired a new stake in Lsb Industries during the second quarter valued at approximately $140,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc (NYSE:LXU) is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.