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

LyondellBasell Industries (NYSE:LYBGet Free Report) had its target price reduced by equities researchers at Morgan Stanley from $110.00 to $90.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target points to a potential upside of 19.41% from the stock’s current price.

LYB has been the topic of several other research reports. Mizuho dropped their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $94.33.

View Our Latest Stock Report on LyondellBasell Industries

LyondellBasell Industries Trading Up 0.3 %

Shares of LyondellBasell Industries stock opened at $75.37 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $78.21 and a 200 day simple moving average of $88.75. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The company has a market capitalization of $24.48 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted 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 $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. CVA Family Office LLC grew its stake in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Rosenberg Matthew Hamilton increased its holdings in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Finally, Fortitude Family Office LLC raised its position in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 290 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

(Get Free Report)

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.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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