LyondellBasell Industries (NYSE:LYB) Price Target Cut to $94.00 by Analysts at Deutsche Bank Aktiengesellschaft

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from $100.00 to $94.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 11.65% from the stock's current price.

Several other equities research analysts also recently commented on LYB. Mizuho reduced their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research report on Monday. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Evercore ISI upgraded shares of LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. UBS Group reduced their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating for the company in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average target price of $101.11.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded down $2.37 during trading on Monday, reaching $84.19. The company had a trading volume of 3,500,393 shares, compared to its average volume of 1,843,357. The firm's fifty day moving average is $93.56 and its 200 day moving average is $95.99. The firm has a market capitalization of $27.37 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a twelve month low of $84.04 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.15). LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company earned $2.46 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LYB. Norden Group LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at $228,000. Private Advisor Group LLC grew its stake in LyondellBasell Industries by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 11,711 shares of the specialty chemicals company's stock valued at $1,198,000 after buying an additional 1,251 shares during the last quarter. Nordea Investment Management AB grew its stake in LyondellBasell Industries by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 21,515 shares of the specialty chemicals company's stock valued at $2,208,000 after buying an additional 601 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in LyondellBasell Industries by 9.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,531 shares of the specialty chemicals company's stock valued at $2,611,000 after buying an additional 2,259 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in LyondellBasell Industries by 5.8% in the 1st quarter. Whittier Trust Co. now owns 5,520 shares of the specialty chemicals company's stock valued at $565,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

About LyondellBasell Industries

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.