LyondellBasell Industries (NYSE:LYB) Given New $97.00 Price Target at Mizuho

LyondellBasell Industries (NYSE:LYB) had its price target dropped by analysts at Mizuho from $101.00 to $97.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price objective points to a potential upside of 13.62% from the stock’s current price.

Several other brokerages have also commented on LYB. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their price target on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $100.56.

LyondellBasell Industries Stock Up 1.4 %

Shares of NYSE:LYB opened at $85.37 on Monday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $93.04 and a two-hundred day moving average of $95.77. The stock has a market cap of $27.75 billion, a P/E ratio of 12.99, a PEG ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that LyondellBasell Industries will post 7.53 earnings per share for the current year.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. CVA Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the period. Chilton Capital Management LLC purchased a new position in LyondellBasell Industries during the first quarter worth $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at $30,000. Finally, Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.