UBS Group Forecasts Strong Price Appreciation for Lsb Industries (NYSE:LXU) Stock

Lsb Industries (NYSE:LXU – Get Free Report) had its target price lifted by UBS Group from $12.00 to $12.50 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. UBS Group‘s target price suggests a potential upside of 12.62% from the company’s previous close.

Several other brokerages also recently commented on LXU. Freedom Broker began coverage on Lsb Industries in a report on Tuesday, October 27th. They set a “hold” rating and a $9.50 target price for the company. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, August 10th. Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, set a $13.00 price objective on shares of Lsb Industries and gave the company an “outperform” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Lsb Industries currently has an average rating of “Hold” and a consensus price target of $12.50.

Read Our Latest Stock Analysis on LXU

Lsb Industries Price Performance

LXU stock traded up $0.05 on Tuesday, hitting $11.10. 72,917 shares of the company’s stock traded hands, compared to its average volume of 1,026,428. The stock has a market cap of $799.11 million, a price-to-earnings ratio of 17.86 and a beta of 0.44. Lsb Industries has a 1-year low of $8.12 and a 1-year high of $17.22. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $10.55 and a 200-day moving average of $11.74.

Lsb Industries (NYSE:LXU – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. The firm had revenue of $158.60 million for the quarter, compared to analyst estimates of $160.18 million. Lsb Industries had a net margin of 6.95% and a return on equity of 8.61%.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently modified their holdings of LXU. Persistent Asset Partners Ltd acquired a new position in Lsb Industries in the 2nd quarter worth about $47,000. Cibc World Market Inc. acquired a new stake in shares of Lsb Industries in the second quarter valued at about $140,000. PDT Partners LLC bought a new position in Lsb Industries in the 2nd quarter worth approximately $145,000. Arizona State Retirement System acquired a new position in Lsb Industries during the 2nd quarter valued at $166,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Lsb Industries during the second quarter valued at about $176,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

About Lsb Industries

(Get Free Report)

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.

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Analyst Recommendations for Lsb Industries (NYSE:LXU)

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