Royal Bank of Canada Reiterates Outperform Rating for LSB Industries (NYSE:LXU)

LSB Industries (NYSE:LXU)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued to investors on Monday, Benzinga reports. They presently have a $10.00 price target on the conglomerate’s stock. Royal Bank of Canada’s price objective points to a potential upside of 16.01% from the stock’s previous close.

A number of other equities analysts have also commented on LXU. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Piper Sandler lifted their price target on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, LSB Industries currently has a consensus rating of “Hold” and a consensus target price of $10.25.

LSB Industries Price Performance

LSB Industries stock traded up $0.31 during trading hours on Monday, hitting $8.62. 52,785 shares of the stock were exchanged, compared to its average volume of 394,981. LSB Industries has a 12 month low of $6.74 and a 12 month high of $10.40. The business’s 50-day moving average is $8.16 and its two-hundred day moving average is $8.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.19 and a current ratio of 2.53. The stock has a market capitalization of $617.37 million, a P/E ratio of -41.05, a P/E/G ratio of 1.53 and a beta of 0.84.

Institutional Trading of LSB Industries

A number of large investors have recently made changes to their positions in LXU. BNP Paribas Financial Markets grew its stake in LSB Industries by 84.3% in the first quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after acquiring an additional 12,082 shares during the period. Capstone Investment Advisors LLC boosted its position in LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock worth $239,000 after acquiring an additional 2,250 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of LSB Industries by 9.3% in the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after purchasing an additional 92,500 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of LSB Industries by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after acquiring an additional 1,837 shares in the last quarter. Finally, Gendell Jeffrey L raised its holdings in LSB Industries by 22.9% during the first quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock worth $21,515,000 after acquiring an additional 457,139 shares in the last quarter. 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.