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LyondellBasell Industries NV (NYSE:LYB) on Watch List

June 29
08:30 2015

[Zacks] LyondellBasell Industries NV (NYSE:LYB)(TREND ANALYSIS) profit shot up year over year in the first quarter of 2015, reported on Apr 24, supported by higher margins in its olefins and polyolefins business in the Americas and lower raw material costs. Adjusted earnings outstripped the Zacks Consensus Estimate. However, revenues fell year over year as lower oil prices affected the prices of the company’s products. The company remains confident in the fundamentals supporting its business.

LyondellBasell remains on track with its multi-plant ethylene expansion programs across Channelview, La Porte and Corpus Christi facilities in Texas which benefit from shale gas production.

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LyondellBasell Industries NV (NYSE:LYB) stock is currently trading 9.33% below its 52-week-high, 49.34% above its 52-week-low. The 1-year stock price history is in the range of $70.06 – $115.4. LyondellBasell Industries NV (LYB) has a price to earnings ratio of 12.04 versus Basic Materials sector average of 38.56. LYB stock price has outperformed the S&P 500 by 30.7%. The Diversified Chemicals company is currently valued at $49.52 billion and its share price closed the last trading session at $104.63. The stock has a 50-day moving average of $103.08 and a 200-day moving average of $90.64.

LyondellBasell Industries NV (LYB) current short interest stands at 8.9 million shares. It has remained stable from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.13 million shares, the number of days required to cover the short positions stand at 2.9 days.

The company is expected to announce next quarter earnings on July 24, at consensus estimate of $2.58. LyondellBasell Industries NV (LYB) reported last quarter earnings on April 24. The Diversified Chemicals company announced earnings per share of $2.54 against a consensus Street estimate of $1.94, beating the average estimate by $0.6. This corresponds to an increase of $0.31 compared to the same quarter of the previous fiscal year.

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There are currently twenty-three analysts that cover LyondellBasell Industries NV stock. Of those twenty-three, thirteen have a Buy rating, nine have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $111.3.

A recent analyst activity consisted of Jefferies reiterating their Hold stance on June 15. Jefferies increased their price target on LYB from $99 to $113. This corresponds to a 8% upside from the last closing price. On the date of report, the stock closed at $103.87.

Standpoint Research initiated their coverage on the stock with Buy rating on May 8, and fixed their price target at $121. This corresponds to a 15.65% upside from the last closing price. On the date of report, the stock closed at $103.83.

Another research firm was Citigroup who reiterated their Neutral stance on April 28. Citigroup increased their price target on LyondellBasell Industries NV from $96 to $106. This translates to a 1.31% upside from the last closing price. On the date of report, the stock closed at $104.14.

Company profile

LyondellBasell Industries NV manufactures plastic, chemical, and fuel products. The Company offers products for the manufacturing of personal care products, fresh food packaging, lightweight plastics, construction materials, automotive components, durable textiles, medical applications, and biofuels. LyondellBasell Industries conducts its business worldwide.

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Paul Cole

Paul Cole

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