What Can We Expect After LyondellBasell (NYSE:LYB)’s Upgrade By Jefferies?

May 16, 2018 - By Louis Casey

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 improved, 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.

400,606 were reported by Robeco Institutional Asset Mngmt Bv. First American Bancorp reported 26,567 shares. Boston Private Wealth Limited Liability stated it has 0.19% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). State Of Alaska Department Of Revenue invested in 34,380 shares. The California-based Cap Ww has invested 0.51% in LyondellBasell Industries N.V. (NYSE:LYB). Royal Retail Bank Of Canada has invested 0.1% in LyondellBasell Industries N.V. (NYSE:LYB). Preferred Ltd Liability Corp has invested 0.01% in LyondellBasell Industries N.V. (NYSE:LYB). Whittier Of Nevada accumulated 833 shares. Buckingham Asset Management Limited Liability Company reported 2,507 shares. Manufacturers Life Insur Company The reported 0.08% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). 756,998 were accumulated by Mitsubishi Ufj Tru And Banking Corporation. State Of Tennessee Treasury Department owns 168,468 shares or 0.08% of their US portfolio. Lumina Fund Mgmt Ltd Co holds 10,000 shares or 0.1% of its portfolio. Winslow Evans & Crocker has invested 0.02% in LyondellBasell Industries N.V. (NYSE:LYB). 1,940 are held by Srb Corporation.

LyondellBasell (NYSE:LYB) Stock Upgrade

The previous rating of a “Hold” for LyondellBasell (NYSE:LYB) has been discontinued as Jefferies upgraded LYB’s current rating to a respectable “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 4.15% above currents $115.31 stock price. LyondellBasell had 19 analyst reports since November 30, 2017 according to SRatingsIntel. SunTrust maintained LyondellBasell Industries N.V. (NYSE:LYB) rating on Monday, February 5. SunTrust has “Hold” rating and $105.0 target. Alembic maintained the shares of LYB in report on Monday, February 12 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, January 25. As per Tuesday, January 2, the company rating was maintained by Jefferies. The rating was maintained by Alembic on Monday, May 7 with “Buy”. The rating was downgraded by Vertical Research on Wednesday, January 3 to “Hold”. Morgan Stanley maintained the stock with “Buy” rating in Monday, February 5 report. The stock has “Hold” rating by RBC Capital Markets on Wednesday, December 13. The firm has “Hold” rating given on Wednesday, January 31 by Cowen & Co. The firm has “Buy” rating by Citigroup given on Monday, December 18.

The stock increased 2.80% or $3.14 during the last trading session, reaching $115.31. About 3.36M shares traded or 35.00% up from the average. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since May 17, 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 $1.15B for 9.81 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 $45.21 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 9.42 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 important 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 Benzinga.com published article titled: “The Market In 5 Minutes: The Latest On North Korea, Building Permits, Fintech Awards And More”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018. More interesting news about LyondellBasell Industries N.V. (NYSE:LYB) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

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

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