LSB Industries (NYSE:LXU) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of LSB Industries (NYSE:LXU – Get Rating) in a research note published on Tuesday morning, The Fly reports. The brokerage issued a buy rating and a $16.00 price objective on the conglomerate’s stock.

LXU has been the topic of several other reports. StockNews.com downgraded shares of LSB Industries from a buy rating to a hold rating in a report on Friday, January 6th. UBS Group lowered their price target on shares of LSB Industries from $18.00 to $17.00 and set a buy rating on the stock in a report on Thursday, February 23rd. Royal Bank of Canada lowered their price target on shares of LSB Industries from $20.00 to $18.00 and set an outperform rating on the stock in a report on Monday, January 30th. The Goldman Sachs Group lowered their price target on shares of LSB Industries from $18.00 to $17.00 and set a neutral rating on the stock in a report on Monday, February 27th. Finally, Jefferies Financial Group started coverage on shares of LSB Industries in a report on Wednesday, November 30th. They set a buy rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LSB Industries presently has an average rating of Moderate Buy and a consensus price target of $19.57.

LSB Industries Stock Up 0.5 %

LXU stock opened at $11.52 on Tuesday. The firm’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $14.18. The company has a market capitalization of $877.02 million, a P/E ratio of 4.33 and a beta of 1.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.98 and a quick ratio of 3.76. LSB Industries has a 12 month low of $11.36 and a 12 month high of $27.45.

Hedge Funds Weigh In On LSB Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its holdings in LSB Industries by 260.7% during the fourth quarter. National Bank of Canada FI now owns 2,518 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 1,820 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of LSB Industries in the fourth quarter valued at about $32,000. Metropolitan Life Insurance Co NY raised its position in shares of LSB Industries by 136.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after buying an additional 2,639 shares during the last quarter. Credit Suisse AG raised its position in shares of LSB Industries by 12.4% in the third quarter. Credit Suisse AG now owns 24,200 shares of the conglomerate’s stock valued at $344,000 after buying an additional 2,678 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of LSB Industries in the third quarter valued at about $40,000. 81.20% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Company Profile

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).