LyondellBasell Industries (NYSE:LYB – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday after Royal Bank of Canada lowered their price target on the stock from $110.00 to $104.00. Royal Bank of Canada currently has an outperform rating on the stock. LyondellBasell Industries traded as low as $83.62 and last traded at $83.79, with a volume of 47447 shares. The stock had previously closed at $84.19.
Several other research analysts have also recently issued reports on LYB. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Barclays lowered their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, UBS Group lowered their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.11.
View Our Latest Report on LyondellBasell Industries
Institutional Investors Weigh In On LyondellBasell Industries
LyondellBasell Industries Stock Performance
The stock has a market capitalization of $27.25 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The firm’s fifty day moving average is $93.28 and its 200-day moving average is $95.88. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 7.53 earnings per share for the current year.
LyondellBasell Industries Announces Dividend
The firm 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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.40%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.
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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