Mizuho Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price decreased by stock analysts at Mizuho from $101.00 to $97.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s target price would indicate a potential upside of 13.62% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. UBS Group lowered their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $100.56.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $85.37 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company has a market cap of $27.75 billion, a PE ratio of 12.99, a P/E/G ratio of 1.64 and a beta of 1.08. The business has a 50-day simple moving average of $93.04 and a two-hundred day simple moving average of $95.77. LyondellBasell Industries has a fifty-two week low of $83.36 and a fifty-two 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 for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business 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%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC increased its position in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth approximately $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth approximately $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $30,000. Finally, Blue Trust Inc. increased its position in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in 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.