Shares of LyondellBasell Industries NV (NYSE:LYB) have been assigned a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $109.19.
LYB has been the topic of a number of research analyst reports. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $119.00 price target on shares of LyondellBasell Industries in a research note on Thursday, January 25th. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Morgan Stanley set a $130.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $105.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call.
LyondellBasell Industries (LYB) traded up $1.17 during trading on Friday, hitting $107.94. The stock had a trading volume of 615,223 shares, compared to its average volume of 2,243,723. The stock has a market capitalization of $42,288.54, a PE ratio of 8.81, a PEG ratio of 1.11 and a beta of 1.12. LyondellBasell Industries has a 1-year low of $78.01 and a 1-year high of $121.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.18. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. equities analysts forecast that LyondellBasell Industries will post 10.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 3.71%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is 32.65%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in LyondellBasell Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after buying an additional 434 shares during the last quarter. Covington Capital Management boosted its stake in LyondellBasell Industries by 40.7% during the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after buying an additional 500 shares during the last quarter. Oakworth Capital Inc. boosted its stake in LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares during the last quarter. Advisor Partners LLC boosted its stake in LyondellBasell Industries by 10.1% during the fourth quarter. Advisor Partners LLC now owns 5,973 shares of the specialty chemicals company’s stock worth $716,000 after buying an additional 549 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC boosted its stake in LyondellBasell Industries by 1.0% during the fourth quarter. Gyroscope Capital Management Group LLC now owns 60,473 shares of the specialty chemicals company’s stock worth $6,671,000 after buying an additional 624 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2018/03/20/brokerages-set-lyondellbasell-industries-nv-lyb-price-target-at-109-19.html.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.