Mizuho Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective cut by equities research analysts at Mizuho from $101.00 to $97.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price target would suggest a potential upside of 11.93% from the stock’s current price.

A number of other analysts also recently issued reports on LYB. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $104.67.

LyondellBasell Industries Price Performance

NYSE LYB opened at $86.66 on Monday. LyondellBasell Industries has a 1-year low of $85.64 and a 1-year high of $107.02. The business’s fifty day moving average price is $93.56 and its 200-day moving average price is $95.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock has a market capitalization of $28.17 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.64 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.15). The firm 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 18.63% and a net margin of 5.68%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 7.53 earnings per share for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of the business. CVA Family Office LLC lifted its stake in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at about $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Matrix Trust Co purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth approximately $30,000. Finally, Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares in the last quarter. Institutional investors 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.