LyondellBasell (LYB) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for LyondellBasell (NYSE: LYB):

  • 5/16/2018 – LyondellBasell was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $121.95 price target on the stock, up previously from $78.01.
  • 5/7/2018 – LyondellBasell had its price target lowered by analysts at Cowen Inc from $125.00 to $110.00. They now have a “market perform” rating on the stock.
  • 5/7/2018 – LyondellBasell had its “buy” rating reaffirmed by analysts at med. They now have a $140.00 price target on the stock. They wrote, “We expect the bulk of this EBITDA to return in 2018, highlighting the conservative nature of consensus expectations. Layering on the reversal of lost EBITDA of USD560m to 2017 EBITDA of USD7,134m, while factoring in the guided-to 2018 impact of planned turnarounds of USD100m, suggests 2018 EBITDA of USD7,594m, versus current consensus of USD6,883m. To further highlight the pessimism associated with the consensus estimates, annualizing seasonally weak Q1’18 EBITDA and EPS gets us to USD7,652m and USD12.44, respectively, versus current consensus 2018 expectations of USD6,883m and USD10.83.””
  • 5/1/2018 – LyondellBasell was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 5/1/2018 – LyondellBasell was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LyondellBasell saw its profits jump year over year in first-quarter 2018. Earnings for the quarter topped the Zacks Consensus Estimate. Sales rose by double-digits year over year and surpassed expectations. The company expects to benefit from high operating rates in the second quarter. LyondellBasell has outperformed the industry it belongs to over a year. LyondellBasell's  HDPE project should boost capacity and add to its earnings. The proposed buyout of A. Schulman will also create significant cost synergies. LyondellBasell also remains committed to deliver greater value to its shareholders leveraging healthy cash flows. However, LyondellBasell’s operations remain subject to maintenance outages which is affecting its results. The company is also exposed to raw material cost inflation. Its U.S. olefin margins also remain under pressure.”
  • 4/23/2018 – LyondellBasell was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Annual earnings estimates for LyondellBasell have been going down over the past month. LyondellBasell’s operations remain subject to maintenance outages which is affecting its results. Moreover, weather-related disruptions are expected to affect its first-quarter results. The company is also exposed to raw material cost inflation.”
  • 4/17/2018 – LyondellBasell was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LyondellBasell has outperformed the industry it belongs to over the last six months. LyondellBasell's HDPE project and ethylene expansion initiatives should boost capacity and add to its earnings. Moreover, the proposed buyout of A. Schulman provides opportunities for future growth with reach into additional high-growth markets. The acquisition will also create significant cost synergies. The company also remains committed to boosting shareholder returns. However, LyondellBasell’s operations remain subject to maintenance outages which is affecting its results. Moreover, weather-related disruptions are expected to affect its first-quarter results. The company is also exposed to raw material cost inflation.”
  • 4/3/2018 – LyondellBasell was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 3/27/2018 – LyondellBasell is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $111.00 price target on the stock.

LyondellBasell opened at $116.19 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.70 and a current ratio of 2.62. LyondellBasell has a 12 month low of $113.92 and a 12 month high of $116.37. The company has a market capitalization of $45.21 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.16 and a beta of 1.10.

LyondellBasell (NYSE:LYB) last released its quarterly earnings data on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.80 by $0.31. LyondellBasell had a return on equity of 53.55% and a net margin of 14.83%. The business had revenue of $9.77 billion for the quarter, compared to analyst estimates of $9.43 billion. During the same quarter in the prior year, the firm posted $1.98 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. sell-side analysts expect that LyondellBasell will post 11.02 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. boosted its position in LyondellBasell by 138.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 571 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of LyondellBasell by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after buying an additional 708 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of LyondellBasell during the 1st quarter valued at approximately $109,000. CENTRAL TRUST Co lifted its position in shares of LyondellBasell by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 685 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of LyondellBasell during the 4th quarter valued at approximately $134,000. Institutional investors and hedge funds own 75.28% of the company’s stock.

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.

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