LyondellBasell (LYB) Rating Increased to Buy at Jefferies Group


Jefferies Group upgraded shares of LyondellBasell (NYSE:LYB) from a hold rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has $121.95 price target on the specialty chemicals company’s stock, up from their previous price target of $78.01.


Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of LyondellBasell from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Citigroup increased their target price on shares of LyondellBasell from $120.00 to $125.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of LyondellBasell from a hold rating to a buy rating and set a $132.00 target price for the company in a research report on Monday, February 5th. Cowen cut their target price on shares of LyondellBasell from $125.00 to $110.00 and set a market perform rating for the company in a research report on Monday, May 7th. Finally, Wells Fargo reiterated an outperform rating and set a $125.00 target price (up previously from $110.00) on shares of LyondellBasell in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $115.62.


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LyondellBasell opened at $116.22 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.62 and a quick ratio of 1.70. The stock has a market cap of $45.57 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.17 and a beta of 1.10. LyondellBasell has a fifty-two week low of $78.01 and a fifty-two week high of $121.95.

LyondellBasell (NYSE:LYB) last issued its earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.31. The firm had revenue of $9.77 billion during the quarter, compared to analyst estimates of $9.43 billion. LyondellBasell had a net margin of 14.83% and a return on equity of 53.55%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $1.98 earnings per share. analysts predict that LyondellBasell will post 11.02 earnings per share for the current year.


Institutional investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its holdings in shares of LyondellBasell by 138.3% in the first quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 571 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of LyondellBasell in the first quarter worth about $109,000. TCI Wealth Advisors Inc. lifted its holdings in shares of LyondellBasell by 229.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after buying an additional 708 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of LyondellBasell by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 685 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of LyondellBasell in the fourth quarter worth about $134,000. 75.28% of the stock is currently owned by hedge funds and other institutional investors.


LyondellBasell 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.

Analyst Recommendations for LyondellBasell (NYSE:LYB)

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