LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of LyondellBasell Industries (NYSE:LYB) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada cut their price target on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Barclays cut their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Trading Up 0.1 %

NYSE:LYB opened at $82.65 on Thursday. LyondellBasell Industries has a 12-month low of $82.20 and a 12-month high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The business has a 50 day simple moving average of $91.13 and a 200 day simple moving average of $94.90. The firm has a market capitalization of $26.84 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.31 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 EPS. Equities research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

Several large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System increased its holdings in shares of LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock valued at $26,512,000 after buying an additional 21,809 shares in the last quarter. Principal Financial Group Inc. raised its holdings in LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after buying an additional 18,311 shares during the period. Banco Santander S.A. acquired a new position in shares of LyondellBasell Industries in the first quarter worth about $3,607,000. Foresight Capital Management Advisors Inc. purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $1,416,000. Finally, PGGM Investments lifted its position in shares of LyondellBasell Industries by 47.9% in the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock valued at $2,119,000 after acquiring an additional 7,168 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.