Research analysts at Citigroup started coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $92.00 price target on the specialty chemicals company’s stock. Citigroup‘s price objective would indicate a potential upside of 6.91% from the stock’s previous close.

Several other equities analysts have also issued reports on LYB. Jefferies Financial Group lifted their target price on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Nomura lowered Infosys from a “neutral” rating to a “reduce” rating in a research note on Monday, April 15th. 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. Deutsche Bank reiterated a “buy” rating and issued a GBX 430 ($5.62) target price on shares of in a research note on Monday, June 17th. Finally, Bank of America set a $18.00 target price on Victory Capital and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $109.56.

LYB opened at $86.05 on Friday. The company has a 50-day moving average of $83.40. LyondellBasell Industries has a 1 year low of $73.94 and a 1 year high of $116.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.91 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $9.47 billion. During the same quarter 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 10.45 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. First Command Bank boosted its position in 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 buying an additional 125 shares during the last quarter. Destination Wealth Management acquired a new position in LyondellBasell Industries in the first quarter valued at approximately $28,000. Phocas Financial Corp. acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $33,000. Truvestments Capital LLC acquired a new position in LyondellBasell Industries in the first quarter valued at approximately $33,000. Finally, Icon Wealth Partners LLC acquired a new position in LyondellBasell Industries in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.89% of the company’s stock.

About LyondellBasell Industries

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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