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

LyondellBasell Industries (NYSE:LYB) had its target price dropped by equities research analysts at Morgan Stanley from $90.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective suggests a potential upside of 10.39% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Mizuho cut their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. UBS Group reduced their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $89.17.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $77.00 on Tuesday. The stock has a market capitalization of $25.01 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. The business’s fifty day moving average price is $76.23 and its 200 day moving average price is $86.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the firm earned $1.26 EPS. Equities research analysts forecast that LyondellBasell Industries will post 7.4 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of LyondellBasell Industries

Several large investors have recently added to or reduced their stakes in LYB. CVA Family Office LLC lifted its stake in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares during the period. Matrix Trust Co purchased a new position in LyondellBasell Industries during the third quarter valued at approximately $30,000. Rosenberg Matthew Hamilton increased its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.