LyondellBasell Industries N.V. (NYSE:LYB) Stock Has Consensus Target Price of $72.06 According to Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB – Get Free Report) have been given an average recommendation of “Hold” by the twenty ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $72.06.

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Mizuho upped their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Alembic Global Advisors cut their price objective on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd.

Read Our Latest Analysis on LYB

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Castleview Partners LLC boosted its holdings in LyondellBasell Industries by 18.4% in the third quarter. Castleview Partners LLC now owns 10,704 shares of the specialty chemicals company’s stock worth $615,000 after acquiring an additional 1,660 shares in the last quarter. Riversedge Advisors LLC increased its holdings in shares of LyondellBasell Industries by 33.7% during the third quarter. Riversedge Advisors LLC now owns 7,084 shares of the specialty chemicals company’s stock valued at $407,000 after acquiring an additional 1,786 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of LyondellBasell Industries during the third quarter worth approximately $369,000. LifeGoal Investments LLC acquired a new position in shares of LyondellBasell Industries during the third quarter worth approximately $301,000. Finally, GAMMA Investing LLC raised its position in shares of LyondellBasell Industries by 10.4% during the third quarter. GAMMA Investing LLC now owns 6,995 shares of the specialty chemicals company’s stock worth $402,000 after purchasing an additional 661 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of LYB opened at $59.46 on Tuesday. The firm has a market cap of $19.21 billion, a PE ratio of -52.62, a price-to-earnings-growth ratio of 0.16 and a beta of 0.30. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The business’s 50 day moving average price is $62.32 and its two-hundred day moving average price is $65.10. 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 (NYSE:LYB – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate 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%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 9.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s payout ratio is presently -244.25%.

About LyondellBasell Industries

(Get Free Report)

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.

Further Reading

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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