Shares of Lsb Industries Inc. (NYSE:LXU – Get Free Report) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.38.
A number of research firms have weighed in on LXU. Freedom Broker assumed coverage on shares of Lsb Industries in a research report on Tuesday. They issued a “hold” rating and a $9.50 price target for the company. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 16th. set a $13.00 price objective on shares of Lsb Industries and gave the company an “outperform” rating in a report on Monday, October 5th. Finally, Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Monday, August 10th.
Check Out Our Latest Stock Analysis on LXU
Lsb Industries Stock Performance
Shares of LXU opened at $11.19 on Friday. The business has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $11.73. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. Lsb Industries has a 52 week low of $8.12 and a 52 week high of $17.22. The stock has a market cap of $805.54 million, a price-to-earnings ratio of 18.05 and a beta of 0.44.
Lsb Industries (NYSE:LXU – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $160.18 million. Lsb Industries had a return on equity of 8.61% and a net margin of 6.95%.
Hedge Funds Weigh In On Lsb Industries
Several institutional investors have recently bought and sold shares of the stock. Persistent Asset Partners Ltd purchased a new stake in shares of Lsb Industries in the second quarter worth about $47,000. Cibc World Market Inc. bought a new position in Lsb Industries during the second quarter valued at approximately $140,000. PDT Partners LLC bought a new position in Lsb Industries during the second quarter valued at approximately $145,000. Arizona State Retirement System bought a new stake in Lsb Industries in the 2nd quarter worth approximately $166,000. Finally, MQS Management LLC bought a new stake in Lsb Industries in the 1st quarter worth approximately $172,000. 73.67% of the stock is owned by hedge funds and other institutional investors.
About Lsb Industries
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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