LyondellBasell Industries (NYSE:LYB) Given a $130.00 Price Target at Morgan Stanley

LyondellBasell Industries (NYSE:LYB) received a $130.00 target price from investment analysts at Morgan Stanley in a report issued on Monday, February 5th. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective points to a potential upside of 16.07% from the company’s current price.

Other research analysts have also issued reports about the company. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their target price on LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Cowen upped their target price on LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. UBS Group upped their target price on LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, SunTrust Banks reiterated a “hold” rating and set 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $108.24.

Shares of LyondellBasell Industries (NYSE LYB) opened at $112.00 on Monday. 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 capitalization of $43,248.63, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.14 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $78.01 and a 1-year high of $121.95.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. sell-side analysts predict that LyondellBasell Industries will post 10.67 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in LYB. Fieldpoint Private Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth about $109,000. TCI Wealth Advisors Inc. increased its position in shares of LyondellBasell Industries by 229.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after purchasing an additional 708 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of LyondellBasell Industries by 149.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $134,000. Finally, Oakworth Capital Inc. increased its position in LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 74.21% of the company’s stock.

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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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