LyondellBasell Industries (NYSE:LYB) Given New $86.00 Price Target at The Goldman Sachs Group

LyondellBasell Industries (NYSE:LYB) had its price objective decreased by investment analysts at The Goldman Sachs Group from $96.00 to $86.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the specialty chemicals company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 13.67% from the stock’s previous close.

Several other analysts have also recently issued reports on LYB. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho cut their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays decreased their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.36.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $75.66 on Thursday. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. LyondellBasell Industries has a 52 week low of $74.92 and a 52 week high of $107.02. The firm has a 50-day simple moving average of $85.32 and a 200-day simple moving average of $92.21. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.46 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently made changes to their positions in LYB. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries in the third quarter worth $30,000. Blue Trust Inc. increased its position in shares of 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 period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at $31,000. Finally, Independence Bank of Kentucky boosted its holdings in LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.