LyondellBasell Industries (NYSE:LYB) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of LyondellBasell Industries (NYSE:LYB) in a report released on Friday, Briefing.com Automated Import reports. The brokerage issued an underweight rating and a $80.00 price objective on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently commented on LYB. Nomura cut Infosys from a neutral rating to a reduce rating in a research note on Monday, April 15th. Citigroup raised Infosys from a neutral rating to a buy rating in a research note on Friday, July 12th. Jefferies Financial Group lifted their price objective on LyondellBasell Industries from $99.00 to $104.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Deutsche Bank reissued a buy rating and issued a GBX 430 ($5.62) target price on shares of in a research note on Monday, June 17th. Finally, Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company a buy rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. LyondellBasell Industries has an average rating of Hold and a consensus target price of $108.63.

Shares of LyondellBasell Industries stock opened at $85.92 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. LyondellBasell Industries has a 12 month low of $73.94 and a 12 month high of $116.63. The business’s fifty day moving average is $84.60. The firm has a market capitalization of $31.82 billion, a PE ratio of 7.62, a PEG ratio of 0.92 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same period in the previous year, the firm earned $3.11 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, research analysts predict that LyondellBasell Industries will post 10.43 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of LYB. First Command Bank lifted its holdings in shares of LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Destination Wealth Management bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $28,000. Phocas Financial Corp. bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $33,000. Truvestments Capital LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $33,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $35,000. 68.89% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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