LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $95.00 at Barclays

LyondellBasell Industries (NYSE:LYB) had its target price decreased by equities research analysts at Barclays from $99.00 to $95.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target indicates a potential upside of 9.75% from the company’s current price.

A number of other research analysts have also commented on LYB. UBS Group reduced their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.89.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $86.56 on Monday. LyondellBasell Industries has a 52-week low of $85.64 and a 52-week high of $107.02. The stock’s 50-day simple moving average is $93.56 and its 200 day simple moving average is $95.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.15). The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.46 earnings per share. Research analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in the business. Arrow Financial Corp lifted its stake in shares of LyondellBasell Industries by 4.4% in the 3rd quarter. Arrow Financial Corp now owns 11,622 shares of the specialty chemicals company’s stock valued at $1,115,000 after acquiring an additional 492 shares during the last quarter. Atria Investments Inc increased its stake in LyondellBasell Industries by 0.8% in the 3rd quarter. Atria Investments Inc now owns 47,792 shares of the specialty chemicals company’s stock worth $4,583,000 after purchasing an additional 399 shares during the period. Kerusso Capital Management LLC lifted its position in LyondellBasell Industries by 6.4% in the third quarter. Kerusso Capital Management LLC now owns 24,609 shares of the specialty chemicals company’s stock valued at $2,360,000 after purchasing an additional 1,470 shares during the last quarter. Assetmark Inc. boosted its stake in shares of LyondellBasell Industries by 17.1% during the third quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company’s stock valued at $2,531,000 after purchasing an additional 3,863 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in shares of LyondellBasell Industries by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 14,707 shares of the specialty chemicals company’s stock worth $1,410,000 after purchasing an additional 802 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.