LyondellBasell Industries (NYSE:LYB) Raised to “Buy” at StockNews.com

LyondellBasell Industries (NYSE:LYB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

LYB has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft cut their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada decreased their target price 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. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho dropped their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. 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 stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Trading Up 0.1 %

Shares of LyondellBasell Industries stock opened at $82.65 on Thursday. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a 1 year low of $82.20 and a 1 year high of $107.02. The company’s fifty day simple moving average is $91.35 and its 200-day simple moving average is $95.07. 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 (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company posted $2.46 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors have recently made changes to their positions in LYB. CVA Family Office LLC increased its stake 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 acquiring an additional 159 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries in the first quarter worth $28,000. Blue Trust Inc. boosted 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. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.