LyondellBasell (LYB) Receives Consensus Recommendation of “Hold” from Brokerages

LyondellBasell (NYSE:LYB) has been assigned an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $109.07.

Several research firms have recently commented on LYB. ValuEngine raised LyondellBasell from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Citigroup upped their target price on LyondellBasell from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research raised LyondellBasell from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Monday, February 5th. Wells Fargo reissued an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of LyondellBasell in a report on Wednesday, January 17th. Finally, SunTrust Banks reissued a “hold” rating and issued a $105.00 price objective on shares of LyondellBasell in a report on Tuesday, February 6th. They noted that the move was a valuation call.

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NYSE:LYB opened at $104.79 on Friday. The company has a market cap of $41,084.91, a PE ratio of 10.24, a P/E/G ratio of 1.06 and a beta of 1.10. LyondellBasell has a 52 week low of $78.01 and a 52 week high of $121.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.62 and a quick ratio of 1.70.

LyondellBasell (NYSE:LYB) last posted its earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $0.31. The company had revenue of $9.77 billion during the quarter, compared to analyst estimates of $9.43 billion. LyondellBasell had a return on equity of 53.55% and a net margin of 14.83%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. equities research analysts anticipate that LyondellBasell will post 11.02 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in LyondellBasell by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,290,738 shares of the specialty chemicals company’s stock worth $473,353,000 after purchasing an additional 81,033 shares during the period. Geode Capital Management LLC lifted its position in LyondellBasell by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,026,783 shares of the specialty chemicals company’s stock worth $443,436,000 after purchasing an additional 49,190 shares during the period. LSV Asset Management lifted its position in LyondellBasell by 7.3% in the fourth quarter. LSV Asset Management now owns 3,367,384 shares of the specialty chemicals company’s stock worth $371,489,000 after purchasing an additional 229,450 shares during the period. APG Asset Management N.V. lifted its position in LyondellBasell by 6.6% in the fourth quarter. APG Asset Management N.V. now owns 2,543,033 shares of the specialty chemicals company’s stock worth $233,634,000 after purchasing an additional 157,400 shares during the period. Finally, Wells Fargo & Company MN lifted its position in LyondellBasell by 42.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock worth $274,318,000 after purchasing an additional 736,109 shares during the period. Hedge funds and other institutional investors own 74.98% of the company’s stock.

About LyondellBasell

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.

Analyst Recommendations for LyondellBasell (NYSE:LYB)