Is Jefferies Now Positive on LyondellBasell (NYSE:LYB) After Recent Upgrade?

May 16, 2018 - By Christine Ryals

LyondellBasell Industries N.V. (NYSE:LYB) Logo

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.07, from 0.84 in 2017Q3. It is positive, as 51 investors sold LyondellBasell Industries N.V. shares while 271 reduced holdings. 88 funds opened positions while 206 raised stakes. 288.04 million shares or 0.22% more from 287.42 million shares in 2017Q3 were reported.

407,698 are owned by Bancorp Of Nova Scotia. Canada Pension Plan Invest Board stated it has 914,420 shares. The Texas-based Barrow Hanley Mewhinney Strauss Ltd Liability has invested 0.11% in LyondellBasell Industries N.V. (NYSE:LYB). Intrust National Bank Na stated it has 6,541 shares or 0.21% of all its holdings. 161 were accumulated by Earnest Prtn Ltd Liability. Highland Mngmt Ltd Co holds 0.58% or 69,270 shares. Wetherby Asset Mngmt invested in 0.1% or 6,371 shares. The California-based L & S Inc has invested 0.5% in LyondellBasell Industries N.V. (NYSE:LYB). Adams Diversified Equity Fund owns 93,700 shares for 0.56% of their portfolio. Balasa Dinverno And Foltz Lc, a Illinois-based fund reported 2,623 shares. Gotham Asset Mgmt Limited Liability Corp holds 0.35% in LyondellBasell Industries N.V. (NYSE:LYB) or 218,352 shares. Everence reported 6,550 shares. Bowling Mgmt Ltd holds 34,817 shares. 348,590 are held by First Manhattan. Asset One Co Limited has 511,988 shares for 0.12% of their portfolio.

LyondellBasell (NYSE:LYB) Stock Upgrade

In an analyst note sent to investors on Wednesday, 16 May, Jefferies increased their rating for shares of LyondellBasell (NYSE:LYB) to a “Buy”.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Coverage

Among 12 analysts covering LyondellBasell (NYSE:LYB), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. LyondellBasell has $14000 highest and $105.0 lowest target. $120.09’s average target is 4.30% above currents $115.14 stock price. LyondellBasell had 19 analyst reports since November 30, 2017 according to SRatingsIntel. The stock of LyondellBasell Industries N.V. (NYSE:LYB) has “Buy” rating given on Monday, May 7 by Alembic. As per Wednesday, December 13, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of LYB in report on Tuesday, April 17 with “Hold” rating. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Buy” rating by Citigroup on Monday, December 18. Barclays Capital maintained the stock with “Overweight” rating in Monday, February 5 report. The firm has “Hold” rating given on Monday, May 7 by Cowen & Co. The rating was maintained by Jefferies on Tuesday, January 2 with “Hold”. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Hold” rating by Susquehanna on Sunday, March 18. The rating was initiated by BMO Capital Markets on Tuesday, March 27 with “Buy”. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 25.

The stock increased 2.65% or $2.97 during the last trading session, reaching $115.14. About 2.19 million shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since May 16, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on July, 27. They expect $2.94 earnings per share, up 4.26 % or $0.12 from last year’s $2.82 per share. LYB’s profit will be $1.15 billion for 9.79 P/E if the $2.94 EPS becomes a reality. After $3.11 actual earnings per share reported by LyondellBasell Industries N.V. for the previous quarter, Wall Street now forecasts -5.47 % negative EPS growth.

LyondellBasell Industries N.V. operates as a maker of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers worldwide. The company has market cap of $45.14 billion. The firm operates in five divisions: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It has a 9.41 P/E ratio. It produces and markets olefins, including ethylene, propylene, and butadiene; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; polyolefins, such as polyethylene and polypropylene ; and PP homopolymers, copolymers, and compounds.

More recent LyondellBasell Industries N.V. (NYSE:LYB) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018. Benzinga.com‘s news article titled: “The Market In 5 Minutes: The Latest On North Korea, Building Permits, Fintech Awards And More” with publication date: May 16, 2018 was also an interesting one.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Chart

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