LSB Industries (NYSE:LXU) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of LSB Industries (NYSE:LXUGet Rating) in a research report report published on Thursday, The Fly reports. The firm issued an outperform rating and a $20.00 price target on the conglomerate’s stock.

LXU has been the topic of several other reports. Piper Sandler assumed coverage on shares of LSB Industries in a report on Monday, September 12th. They issued an overweight rating and a $26.00 target price on the stock. The Goldman Sachs Group started coverage on shares of LSB Industries in a research note on Tuesday, October 25th. They issued a neutral rating and a $20.00 price target on the stock. Stifel Nicolaus started coverage on shares of LSB Industries in a research note on Wednesday, September 14th. They issued a buy rating and a $23.00 price target on the stock. StockNews.com raised shares of LSB Industries from a hold rating to a buy rating in a research note on Friday, November 11th. Finally, UBS Group started coverage on shares of LSB Industries in a research note on Wednesday, August 31st. They issued a buy rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LSB Industries has an average rating of Moderate Buy and a consensus target price of $21.80.

LSB Industries Stock Performance

NYSE:LXU opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 3.87 and a quick ratio of 3.67. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.86 and a beta of 1.71. The company’s 50-day moving average is $15.37 and its two-hundred day moving average is $15.57. LSB Industries has a 1-year low of $8.13 and a 1-year high of $27.45.

Insider Buying and Selling

In related news, major shareholder Lsb Funding Llc sold 15,977,500 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $12.99, for a total transaction of $207,547,725.00. Following the sale, the insider now directly owns 1,672,500 shares of the company’s stock, valued at approximately $21,725,775. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On LSB Industries

Large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new stake in LSB Industries during the 3rd quarter worth approximately $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of LSB Industries in the 3rd quarter valued at approximately $52,000. Newbridge Financial Services Group Inc. increased its position in shares of LSB Industries by 81.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,379 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 1,970 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of LSB Industries in the 2nd quarter valued at approximately $64,000. Finally, Royal Bank of Canada purchased a new stake in shares of LSB Industries in the 1st quarter valued at approximately $93,000.

About LSB Industries

(Get Rating)

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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Analyst Recommendations for LSB Industries (NYSE:LXU)

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