LSB Industries (NYSE:LXU) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of LSB Industries (NYSE:LXU) from a neutral rating to a buy rating in a research report report published on Thursday, Marketbeat reports. UBS Group currently has $11.00 price objective on the conglomerate’s stock, up from their prior price objective of $9.50.

Several other equities analysts have also weighed in on the stock. Piper Sandler upped their price objective on shares of LSB Industries from $8.80 to $9.00 and gave the company an underweight rating in a report on Thursday, August 8th. Royal Bank of Canada reissued an outperform rating and set a $10.00 price target on shares of LSB Industries in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $10.25.

LSB Industries Price Performance

Shares of LXU opened at $9.40 on Thursday. The business has a 50-day moving average of $7.88 and a 200-day moving average of $8.36. LSB Industries has a 1 year low of $6.74 and a 1 year high of $10.46. The company has a market capitalization of $672.51 million, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19.

LSB Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The firm had revenue of $140.07 million for the quarter, compared to the consensus estimate of $147.09 million. As a group, equities research analysts anticipate that LSB Industries will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On LSB Industries

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC bought a new position in shares of LSB Industries during the 2nd quarter worth $34,000. Bayesian Capital Management LP bought a new position in LSB Industries during the first quarter worth about $97,000. Squarepoint Ops LLC purchased a new position in shares of LSB Industries in the second quarter worth about $116,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of LSB Industries during the 2nd quarter valued at approximately $118,000. Finally, SG Americas Securities LLC bought a new position in LSB Industries in the 3rd quarter worth approximately $151,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Company Profile

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.