LyondellBasell Industries (NYSE:LYB) Price Target Cut to $90.00 by Analysts at JPMorgan Chase & Co.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $100.00 to $90.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the specialty chemicals company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 17.82% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Finally, Mizuho decreased their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $100.70.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded down $1.02 during mid-day trading on Friday, hitting $76.39. The company had a trading volume of 4,269,750 shares, compared to its average volume of 2,576,313. The stock's 50-day moving average price is $87.23 and its 200-day moving average price is $92.92. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 2.18 and a beta of 1.05. 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 has a 1 year low of $75.98 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $2.46 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co bought a new position in shares of LyondellBasell Industries in the third quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth $31,000. Finally, Independence Bank of Kentucky raised its holdings in LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 216 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

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.