LSB Industries, Inc. (NYSE:LXU - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.44, but opened at $7.75. LSB Industries shares last traded at $8.61, with a volume of 108,931 shares traded.
Analysts Set New Price Targets
A number of brokerages have commented on LXU. UBS Group upgraded shares of LSB Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th. Finally, Piper Sandler upgraded LSB Industries from an "underweight" rating to an "overweight" rating and lifted their price target for the company from $9.00 to $11.00 in a research note on Monday.
Read Our Latest Report on LXU
LSB Industries Stock Performance
The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The company's fifty day moving average price is $8.34 and its 200 day moving average price is $8.22. The company has a market cap of $648.89 million, a PE ratio of -43.14, a P/E/G ratio of 20.49 and a beta of 0.89.
Hedge Funds Weigh In On LSB Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in LXU. FNY Investment Advisers LLC bought a new position in shares of LSB Industries during the 4th quarter valued at approximately $54,000. Dynamic Technology Lab Private Ltd bought a new position in LSB Industries during the third quarter valued at $93,000. Intech Investment Management LLC purchased a new stake in LSB Industries in the third quarter worth $93,000. Private Advisor Group LLC raised its stake in shares of LSB Industries by 14.1% in the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock valued at $102,000 after buying an additional 1,563 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in shares of LSB Industries during the 3rd quarter valued at $103,000. 73.67% of the stock is owned by hedge funds and other institutional investors.
About LSB Industries
(
Get Free Report)
LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.
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