LSB Industries' (LXU) "Outperform" Rating Reaffirmed at Royal Bank of Canada

LSB Industries (NYSE:LXU - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Royal Bank of Canada in a research report issued on Monday, Benzinga reports. They currently have a $10.00 target price on the conglomerate's stock. Royal Bank of Canada's price objective points to a potential upside of 18.76% from the company's previous close.

Several other analysts also recently weighed in on LXU. Piper Sandler lifted their target price on LSB Industries from $8.80 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, August 8th. UBS Group raised LSB Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.25.

LSB Industries Price Performance

Shares of LSB Industries stock traded up $0.11 during trading hours on Monday, hitting $8.42. The company's stock had a trading volume of 301,678 shares, compared to its average volume of 396,150. The company has a market cap of $603.05 million, a PE ratio of -40.10, a PEG ratio of 1.53 and a beta of 0.84. LSB Industries has a 12-month low of $6.74 and a 12-month high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.19 and a current ratio of 2.53. The business has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $8.40.

Hedge Funds Weigh In On LSB Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in LSB Industries by 691.2% during the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate's stock worth $7,272,000 after purchasing an additional 790,194 shares in the last quarter. Private Advisor Group LLC increased its position in LSB Industries by 14.1% during the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock worth $102,000 after buying an additional 1,563 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in LSB Industries by 34.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 129,426 shares of the conglomerate's stock valued at $1,041,000 after purchasing an additional 33,388 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of LSB Industries during the third quarter valued at approximately $151,000. Finally, Truist Financial Corp purchased a new stake in shares of LSB Industries in the second quarter valued at $343,000. 73.67% of the stock is owned by institutional investors and hedge funds.

LSB Industries Company Profile

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.