Research Analysts’ Weekly Ratings Changes for LyondellBasell Industries NV (LYB)

LyondellBasell Industries NV (NYSE: LYB) has recently received a number of price target changes and ratings updates:

  • 10/16/2017 – LyondellBasell Industries NV had its price target raised by analysts at Cowen and Company from $90.00 to $95.00. They now have a “market perform” rating on the stock.
  • 10/13/2017 – LyondellBasell Industries NV had its price target raised by analysts at UBS AG from $88.00 to $96.00. They now have a “neutral” rating on the stock.
  • 10/12/2017 – LyondellBasell Industries NV was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “LyondellBasell has outperformed the industry it belongs to over the last three months. The company is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. LyondellBasell's ethylene expansion initiatives and the HDPE project on the U.S. Gulf Coast should boost capacity and add to its earnings. It also remains committed to boosting shareholder returns by leveraging healthy cash flows.”
  • 10/10/2017 – LyondellBasell Industries NV was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $101.00 price target on the stock.
  • 10/10/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $95.00 price target on the stock, up previously from $88.00.
  • 10/4/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $90.00 price target on the stock.
  • 9/30/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $96.00 price target on the stock, up previously from $90.00.
  • 9/26/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Nomura. They now have a $99.00 price target on the stock, up previously from $90.00.
  • 9/6/2017 – LyondellBasell Industries NV was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/28/2017 – LyondellBasell Industries NV had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $90.00 price target on the stock.
  • 8/21/2017 – LyondellBasell Industries NV was given a new $88.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.

LyondellBasell Industries NV (LYB) traded up 0.37% during trading on Tuesday, reaching $98.06. 1,048,303 shares of the company’s stock traded hands. The firm’s 50 day moving average is $95.64 and its 200-day moving average is $87.46. The company has a market capitalization of $38.81 billion, a price-to-earnings ratio of 10.95 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 EPS. Analysts expect that LyondellBasell Industries NV will post $10.01 EPS for the current fiscal year.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total transaction of $287,580.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

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.

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