Barclays Lowers LyondellBasell Industries (NYSE:LYB) Price Target to $99.00

LyondellBasell Industries (NYSE:LYB) had its price objective cut by equities research analysts at Barclays from $101.00 to $99.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price objective would suggest a potential upside of 5.21% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group reduced their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.82.

LyondellBasell Industries Trading Down 1.4 %

LyondellBasell Industries stock opened at $94.10 on Monday. The stock has a market cap of $30.64 billion, a P/E ratio of 14.54, a PEG ratio of 1.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The firm’s 50 day moving average price is $95.91 and its 200-day moving average price is $97.61.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal year.

Institutional Trading of LyondellBasell Industries

A number of large investors have recently made changes to their positions in LYB. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at $28,000. Blue Trust Inc. boosted its stake in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at $37,000. Finally, Independence Bank of Kentucky boosted its stake in shares of LyondellBasell Industries by 125.6% during the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.