LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $65.00 at Royal Bank Of Canada

LyondellBasell Industries (NYSE:LYB) had its price target cut by investment analysts at Royal Bank Of Canada from $94.00 to $65.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 24.16% from the stock’s previous close.

LYB has been the subject of a number of other reports. Weiss Ratings downgraded shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group lifted their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Wolfe Research boosted their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Finally, Citigroup dropped their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.00.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $52.35 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The stock has a market cap of $16.90 billion, a PE ratio of -20.98, a price-to-earnings-growth ratio of 0.12 and a beta of 0.28. The stock’s fifty day simple moving average is $67.14 and its two-hundred day simple moving average is $61.68. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts forecast that LyondellBasell Industries will post 9.22 EPS for the current fiscal year.

Institutional Investors Weigh In On LyondellBasell Industries

Several large investors have recently modified their holdings of the stock. Capital Research Global Investors grew its holdings in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the period. AQR Capital Management LLC lifted its position in shares of LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after buying an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after buying an additional 1,431,334 shares during the last quarter. Morgan Stanley grew its stake in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after acquiring an additional 1,300,271 shares during the period. Finally, Norges Bank purchased a new stake in LyondellBasell Industries in the 4th quarter worth about $52,210,000. 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.