Wall Street Zen Upgrades LyondellBasell Industries (NYSE:LYB) to Strong-Buy

LyondellBasell Industries (NYSE:LYB) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other equities analysts have also recently issued reports on the company. Bank of America dropped their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $98.00 in a report on Thursday, May 28th. The Goldman Sachs Group lifted their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, May 4th. Weiss Ratings raised LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, Mizuho increased their price objective on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Up 0.3%

LYB stock opened at $67.70 on Friday. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94. The stock has a market capitalization of $21.87 billion, a PE ratio of -59.91, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The company has a fifty day moving average of $59.60 and a 200-day moving average of $65.23.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 9.24 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in LyondellBasell Industries during the first quarter worth $48,000. Quarry LP purchased a new stake in LyondellBasell Industries during the third quarter worth $31,000. Clearstead Advisors LLC grew its holdings in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in LyondellBasell Industries in the second quarter valued at $39,000. Finally, Kelleher Financial Advisors increased its position in shares of LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.