LSB Industries (NYSE:LXU) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of LSB Industries (NYSE:LXU) in a report published on Monday, Benzinga reports. The brokerage currently has a $10.00 price target on the conglomerate’s stock.

LXU has been the topic of several other research reports. Piper Sandler raised their price objective on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.25.

LSB Industries Stock Performance

LXU stock opened at $8.95 on Monday. The business’s fifty day moving average is $8.21 and its 200-day moving average is $8.41. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The company has a market cap of $640.64 million, a P/E ratio of -42.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. LSB Industries has a twelve month low of $6.74 and a twelve month high of $10.40.

Institutional Trading of LSB Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of LSB Industries in the 2nd quarter valued at about $34,000. Bayesian Capital Management LP acquired a new stake in shares of LSB Industries in the first quarter valued at approximately $97,000. Private Advisor Group LLC raised its position in shares of LSB Industries by 14.1% in the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after buying an additional 1,563 shares in the last quarter. Squarepoint Ops LLC bought a new stake in LSB Industries during the second quarter worth $116,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of LSB Industries in the 2nd quarter valued at $118,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Company Profile

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.