Shares of LyondellBasell Industries NV (NYSE:LYB) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $109.19.
Several equities analysts recently commented on the company. Morgan Stanley set a $130.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup lifted their price target on LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. SunTrust Banks reaffirmed a “hold” rating and set a $105.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Monday, February 5th. Finally, Barclays lifted their price target on LyondellBasell Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $109,000. TCI Wealth Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 708 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of LyondellBasell Industries by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $134,000. Finally, Certified Advisory Corp bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $157,000. 75.10% of the stock is owned by institutional investors.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. equities research analysts predict that LyondellBasell Industries will post 10.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, March 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is 32.65%.
ILLEGAL ACTIVITY NOTICE: “LyondellBasell Industries NV (LYB) Given Consensus Rating of “Hold” by Analysts” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://stocknewstimes.com/2018/03/22/lyondellbasell-industries-nv-lyb-given-consensus-rating-of-hold-by-analysts.html.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.