Morgan Stanley Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target dropped by stock analysts at Morgan Stanley from $110.00 to $90.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the specialty chemicals company's stock. Morgan Stanley's target price would suggest a potential upside of 19.86% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Finally, StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $94.33.

LyondellBasell Industries Stock Up 3.6 %

Shares of LYB traded up $2.61 on Monday, reaching $75.09. The company's stock had a trading volume of 3,653,132 shares, compared to its average volume of 3,131,733. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock has a market capitalization of $24.39 billion, a PE ratio of 11.43, a PEG ratio of 2.13 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $78.59 and a 200-day moving average of $89.04.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results 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). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The business's revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that LyondellBasell Industries will post 7.02 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 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 purchased a new position in shares of LyondellBasell Industries in the third quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the third quarter valued at about $31,000. Fortitude Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC increased its holdings in LyondellBasell Industries by 58.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock valued at $53,000 after purchasing an additional 203 shares during the period. 71.20% of the stock is currently 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.