New York: LyondellBasell (NYSE:LYB) Stock Has Just Had Its “Market Perform” Rating Reiterated by Cowen. Shares now Have a $113 Target

August 10, 2018 - By Ann Prendergast

LyondellBasell Industries N.V. (NYSE:LYB) Logo

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.02, from 0.91 in 2017Q4. It dived, as 55 investors sold LyondellBasell Industries N.V. shares while 260 reduced holdings. 75 funds opened positions while 205 raised stakes. 281.54 million shares or 2.26% less from 288.04 million shares in 2017Q4 were reported.

54,700 were reported by Mrj Capital. Oppenheimer And Co Inc holds 0.05% or 18,442 shares in its portfolio. Kepos Cap Limited Partnership holds 0.28% or 45,967 shares in its portfolio. Illinois-based Peak6 Investments Limited Partnership has invested 0.01% in LyondellBasell Industries N.V. (NYSE:LYB). Voya Investment Limited Liability Company accumulated 325,866 shares. Northwestern Mutual Wealth Management has invested 0.01% in LyondellBasell Industries N.V. (NYSE:LYB). Renaissance Ltd Liability Corp owns 433,800 shares. Federated Incorporated Pa, Pennsylvania-based fund reported 14,493 shares. Payden Rygel invested in 0.17% or 20,200 shares. Dimensional Fund Advisors Limited Partnership reported 1.10M shares. D E Shaw & has 0.02% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 116,260 shares. Manufacturers Life The holds 0.07% in LyondellBasell Industries N.V. (NYSE:LYB) or 608,467 shares. The California-based Gemmer Asset Ltd has invested 0.01% in LyondellBasell Industries N.V. (NYSE:LYB). Smith Asset Management Lp holds 0.23% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 65,937 shares. Zeke Cap Advisors Lc accumulated 10,254 shares.

LyondellBasell (NYSE:LYB) Rating Reaffirmed

In a note revealed to clients on Friday, 10 August, The “Market Perform” rating of LyondellBasell (NYSE:LYB) shares was reconfirmed at Cowen, who now has a $113 PT on the stock. Cowen’s PT indicates a possible upside of 0.38 % from the current stock price of the company.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Coverage

Among 10 analysts covering LyondellBasell (NYSE:LYB), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. LyondellBasell has $14000 highest and $11000 lowest target. $122’s average target is 8.38% above currents $112.57 stock price. LyondellBasell had 13 analyst reports since February 12, 2018 according to SRatingsIntel. Alembic maintained the stock with “Buy” rating in Monday, February 12 report. Jefferies upgraded LyondellBasell Industries N.V. (NYSE:LYB) on Wednesday, May 16 to “Buy” rating. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Market Perform” rating by BMO Capital Markets on Tuesday, August 7. RBC Capital Markets maintained the shares of LYB in report on Tuesday, April 17 with “Hold” rating. Wells Fargo maintained it with “Buy” rating and $13000 target in Wednesday, June 6 report. The company was maintained on Monday, May 7 by Cowen & Co. The rating was initiated by BMO Capital Markets with “Buy” on Tuesday, March 27. Alembic maintained LyondellBasell Industries N.V. (NYSE:LYB) on Monday, May 7 with “Buy” rating. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Hold” rating by Standpoint Research on Monday, May 21. As per Monday, June 4, the company rating was maintained by Alembic.

The stock decreased 0.71% or $0.81 during the last trading session, reaching $112.57. About 1.59 million shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 41.02% since August 10, 2017 and is uptrending. It has outperformed by 28.45% the S&P500.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on October, 26. They expect $2.67 EPS, up 10.79 % or $0.26 from last year’s $2.41 per share. LYB’s profit will be $1.04B for 10.54 P/E if the $2.67 EPS becomes a reality. After $3.34 actual EPS reported by LyondellBasell Industries N.V. for the previous quarter, Wall Street now forecasts -20.06 % negative EPS growth.

LyondellBasell Industries N.V. operates as a maker of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers worldwide. The company has market cap of $43.83 billion. The firm operates in five divisions: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It has a 8.41 P/E ratio. It produces and markets olefins, including ethylene, propylene, and butadiene; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; polyolefins, such as polyethylene and polypropylene ; and PP homopolymers, copolymers, and compounds.

More news for LyondellBasell Industries N.V. (NYSE:LYB) were recently published by: Bizjournals.com, which released: “5 things to know in Texas energy this week” on July 30, 2018. Bizjournals.com‘s article titled: “LyondellBasell chairman to step down, successor named” and published on July 24, 2018 is yet another important article.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Chart

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