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

by · The Cerbat Gem

LyondellBasell Industries (NYSE:LYB – Free Report) had its price target cut by Mizuho from $101.00 to $97.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently weighed in on LYB. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Royal Bank of Canada dropped their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $100.56.

View Our Latest Stock Report on LyondellBasell Industries

LyondellBasell Industries Stock Up 1.0 %

LYB stock opened at $87.33 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 company’s 50-day moving average price is $92.81 and its 200 day moving average price is $95.71. LyondellBasell Industries has a 52 week low of $83.36 and a 52 week high of $107.02. The company has a market cap of $28.36 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.63 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 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 for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm earned $2.46 EPS. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that LyondellBasell Industries will post 7.38 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently made changes to their positions in LYB. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in 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 during the last quarter. Chilton Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth about $27,000. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Blue Trust Inc. grew its holdings 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 purchasing an additional 227 shares during the period. Finally, Matrix Trust Co acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. 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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