Lsb Industries (NYSE:LXU) Price Target Raised to $10.00

Lsb Industries (NYSE:LXU) had its price target lifted by Royal Bank Of Canada from $9.00 to $10.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the conglomerate’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lsb Industries in a research note on Wednesday, October 8th. UBS Group reissued a “neutral” rating and issued a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.83.

Lsb Industries Trading Up 0.9%

LXU opened at $9.91 on Monday. The firm has a 50 day simple moving average of $8.53 and a 200 day simple moving average of $8.05. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $9.98. The company has a market cap of $712.75 million, a price-to-earnings ratio of -990.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.39.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.72%. On average, sell-side analysts anticipate that Lsb Industries will post -0.18 earnings per share for the current year.

Institutional Trading of Lsb Industries

Several hedge funds have recently added to or reduced their stakes in LXU. CenterBook Partners LP lifted its holdings in Lsb Industries by 264.4% during the first quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock worth $4,151,000 after acquiring an additional 457,009 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Lsb Industries during the second quarter worth about $2,412,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries during the 2nd quarter valued at about $1,694,000. JPMorgan Chase & Co. grew its position in shares of Lsb Industries by 104.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Lsb Industries in the 1st quarter valued at approximately $1,226,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.