Lsb Industries (NYSE:LXU) Price Target Raised to $10.00 at Royal Bank Of Canada

Lsb Industries (NYSE:LXU) had its price objective increased by analysts at Royal Bank Of Canada from $9.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 11.61% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group reaffirmed a “neutral” rating and issued a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lsb Industries in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.83.

Lsb Industries Price Performance

LXU stock traded up $0.41 during midday trading on Monday, hitting $8.96. 64,839 shares of the stock were exchanged, compared to its average volume of 435,098. The stock’s 50-day moving average price is $8.45 and its 200-day moving average price is $7.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.39 and a current ratio of 2.64. The stock has a market cap of $644.62 million, a price-to-earnings ratio of -893.50 and a beta of 0.82. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $9.85.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.72%. The business had revenue of $155.43 million for the quarter, compared to analyst estimates of $138.30 million. Research analysts predict that Lsb Industries will post -0.18 earnings per share for the current year.

Institutional Trading of Lsb Industries

Institutional investors have recently added to or reduced their stakes in the business. Pecaut & CO. lifted its stake in shares of Lsb Industries by 13.0% during the first quarter. Pecaut & CO. now owns 43,500 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 5,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lsb Industries by 20.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock valued at $3,772,000 after purchasing an additional 98,810 shares during the period. CenterBook Partners LP increased its stake in Lsb Industries by 264.4% during the 1st quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock worth $4,151,000 after buying an additional 457,009 shares during the period. Aigen Investment Management LP acquired a new position in Lsb Industries in the 1st quarter worth $69,000. Finally, Nuveen LLC acquired a new stake in shares of Lsb Industries during the first quarter valued at about $1,226,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

About Lsb Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.