Shares of LyondellBasell Industries (NYSE:LYB – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $105.17.
LYB has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho boosted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays boosted their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th.
Check Out Our Latest Research Report on LYB
Hedge Funds Weigh In On LyondellBasell Industries
LyondellBasell Industries Stock Down 3.8 %
NYSE:LYB opened at $94.39 on Friday. The firm’s 50 day simple moving average is $96.00 and its 200 day simple moving average is $98.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a market cap of $30.74 billion, a PE ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.09.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period last year, the company earned $2.44 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 8.3 earnings per share for the current year.
LyondellBasell Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a $1.34 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s payout ratio is 82.84%.
LyondellBasell Industries Company Profile
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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