LyondellBasell Industries (NYSE:LYB) Rating Lowered to “Buy” at Wall Street Zen

LyondellBasell Industries (NYSE:LYB) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Citigroup lowered their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. UBS Group boosted their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Trading Up 0.2%

Shares of LYB stock opened at $63.62 on Friday. The company has a market capitalization of $20.55 billion, a PE ratio of -56.30, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The business’s fifty day moving average is $60.62 and its 200 day moving average is $65.77. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries will post 9.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Woodline Partners LP boosted its stake in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the last quarter. Baird Financial Group Inc. raised its position in LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC raised its position in LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after purchasing an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in LyondellBasell Industries by 9.9% in the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after purchasing an additional 3,715 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

About LyondellBasell Industries

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.