LSB Industries (NYSE:LXU) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of LSB Industries (NYSE:LXU) from an underweight rating to an overweight rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has $11.00 price target on the conglomerate’s stock, up from their prior price target of $9.00.

A number of other equities research analysts have also issued reports on LXU. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Stock Performance

Shares of NYSE:LXU opened at $9.06 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. LSB Industries has a 12 month low of $6.74 and a 12 month high of $10.40. The firm has a market capitalization of $648.89 million, a PE ratio of -43.14, a P/E/G ratio of 20.49 and a beta of 0.89. The business has a 50-day moving average of $8.34 and a two-hundred day moving average of $8.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new position in LSB Industries in the fourth quarter valued at about $54,000. Intech Investment Management LLC bought a new position in LSB Industries during the 3rd quarter worth approximately $93,000. Dynamic Technology Lab Private Ltd bought a new position in LSB Industries during the 3rd quarter worth approximately $93,000. Private Advisor Group LLC lifted its holdings in LSB Industries by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after buying an additional 1,563 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in LSB Industries during the 3rd quarter worth approximately $103,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.