Mizuho Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price dropped by analysts at Mizuho from $97.00 to $85.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s target price would indicate a potential upside of 9.02% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Piper Sandler cut their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $99.50.

LyondellBasell Industries Price Performance

LYB traded up $1.58 during midday trading on Monday, hitting $77.97. 432,637 shares of the company traded hands, compared to its average volume of 1,945,275. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 2.13 and a beta of 1.05. The business has a 50 day simple moving average of $87.23 and a two-hundred day simple moving average of $92.88. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 52-week low of $75.98 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued 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 $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. On average, equities analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CVA Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Blue Trust Inc. raised its position in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. Matrix Trust Co purchased a new position in LyondellBasell Industries during the 3rd quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Finally, Independence Bank of Kentucky raised its position in LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds 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.