LyondellBasell Industries (LYB) Given New $125.00 Price Target at Citigroup

LyondellBasell Industries (NYSE:LYB) had its target price boosted by analysts at Citigroup from $120.00 to $125.00 in a report issued on Tuesday, February 6th. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective would suggest a potential upside of 11.61% from the company’s previous close.

Several other research firms also recently weighed in on LYB. ValuEngine upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. Cowen lifted their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, October 16th. UBS Group raised their price target on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, SunTrust Banks reissued a “hold” rating and issued a $105.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Two research 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 to the stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $108.24.

Shares of LyondellBasell Industries (NYSE LYB) opened at $112.00 on Tuesday. LyondellBasell Industries has a 1-year low of $78.01 and a 1-year high of $121.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. The firm has a market cap of $43,248.63, a P/E ratio of 9.14, a P/E/G ratio of 1.14 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts expect that LyondellBasell Industries will post 10.67 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in LYB. Amundi Pioneer Asset Management Inc. lifted its position in LyondellBasell Industries by 4,102.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,208,257 shares of the specialty chemicals company’s stock valued at $243,615,000 after acquiring an additional 2,155,713 shares during the last quarter. Bank of New York Mellon Corp lifted its position in LyondellBasell Industries by 38.1% in the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after acquiring an additional 1,160,471 shares during the last quarter. Ameriprise Financial Inc. lifted its position in LyondellBasell Industries by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after acquiring an additional 1,069,625 shares during the last quarter. Wells Fargo & Company MN lifted its position in LyondellBasell Industries by 42.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock valued at $274,318,000 after acquiring an additional 736,109 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in LyondellBasell Industries by 2,197.3% in the third quarter. Asset Management One Co. Ltd. now owns 526,342 shares of the specialty chemicals company’s stock valued at $52,139,000 after acquiring an additional 503,431 shares during the last quarter. 74.21% of the stock is owned by hedge funds and other institutional investors.

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About LyondellBasell Industries

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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