Lsb Industries (NYSE:LXU) Stock Price Target Raised at UBS Group

Lsb Industries (NYSE:LXU) had its price target upped by investment analysts at UBS Group from $12.00 to $12.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the conglomerate’s stock. UBS Group‘s target price would indicate a potential upside of 12.62% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Monday, August 10th. Freedom Broker began coverage on Lsb Industries in a research note on Tuesday, October 27th. They set a “hold” rating and a $9.50 target price on the stock. set a $13.00 price target on Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.50.

Lsb Industries Stock Performance

LXU traded up $0.05 during trading on Tuesday, reaching $11.10. 72,917 shares of the company were exchanged, compared to its average volume of 1,026,428. Lsb Industries has a 52 week low of $8.12 and a 52 week high of $17.22. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $10.55 and a 200 day moving average of $11.74. The stock has a market cap of $799.11 million, a P/E ratio of 17.86 and a beta of 0.44.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. Lsb Industries had a net margin of 6.95% and a return on equity of 8.61%. The firm had revenue of $158.60 million for the quarter, compared to the consensus estimate of $160.18 million.

Institutional Investors Weigh In On Lsb Industries

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Lsb Industries during the 2nd quarter valued at $50,802,000. Dimensional Fund Advisors LP boosted its stake in Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after buying an additional 57,999 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Lsb Industries by 2.7% during the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after buying an additional 46,613 shares in the last quarter. Robotti Robert acquired a new position in Lsb Industries during the second quarter worth about $22,914,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Lsb Industries during the first quarter worth about $11,458,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.