Vertical Research lowered shares of LyondellBasell Industries (NYSE:LYB) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

Several other analysts have also issued reports on the stock. Citigroup upgraded shares of LyondellBasell Industries from a neutral rating to a buy rating and set a $120.00 target price for the company in a research report on Monday, December 18th. UBS Group lifted their price target on shares of LyondellBasell Industries from $88.00 to $96.00 and gave the company a neutral rating in a report on Friday, October 13th. Cowen reaffirmed a hold rating and set a $90.00 price target on shares of LyondellBasell Industries in a report on Wednesday, October 4th. SunTrust Banks reaffirmed a hold rating and set a $100.00 price target on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Finally, downgraded shares of LyondellBasell Industries from a buy rating to a hold rating and set a $101.00 price target on the stock. in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $104.21.

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Shares of LyondellBasell Industries (LYB) traded down $1.47 during mid-day trading on Wednesday, hitting $119.44. 377,151 shares of the stock were exchanged, compared to its average volume of 1,645,985. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $121.95. The company has a market capitalization of $47,922.98, a price-to-earnings ratio of 12.85, a PEG ratio of 1.42 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.02). The business had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.09 billion. LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%. sell-side analysts forecast that LyondellBasell Industries will post 9.99 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Intact Investment Management Inc. bought a new position in shares of LyondellBasell Industries in the second quarter worth about $354,000. Synovus Financial Corp grew its holdings in shares of LyondellBasell Industries by 3.8% in the second quarter. Synovus Financial Corp now owns 3,034 shares of the specialty chemicals company’s stock worth $258,000 after purchasing an additional 112 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of LyondellBasell Industries by 2.7% in the second quarter. Calamos Advisors LLC now owns 56,645 shares of the specialty chemicals company’s stock worth $4,780,000 after purchasing an additional 1,469 shares during the last quarter. Argent Trust Co bought a new position in shares of LyondellBasell Industries in the second quarter worth about $375,000. Finally, LSV Asset Management grew its holdings in shares of LyondellBasell Industries by 5.5% in the second quarter. LSV Asset Management now owns 2,933,138 shares of the specialty chemicals company’s stock worth $247,527,000 after purchasing an additional 152,741 shares during the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.

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LyondellBasell Industries Company Profile

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 Industries (NYSE:LYB)

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