LyondellBasell Industries NV (NYSE:LYB) – Investment analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for LyondellBasell Industries NV in a research report issued on Monday. Jefferies Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings per share of $10.30 for the year, up from their prior forecast of $10.20. Jefferies Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for LyondellBasell Industries NV’s FY2019 earnings at $8.85 EPS and FY2020 earnings at $9.27 EPS.

A number of other analysts have also recently weighed in on LYB. BidaskClub upgraded shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and issued a $92.00 price target on shares of LyondellBasell Industries NV in a report on Friday, July 14th. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $94.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Finally, UBS AG restated a “neutral” rating and issued a $88.00 price target (up from $85.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $99.56.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. First Heartland Consultants Inc. grew its stake in shares of LyondellBasell Industries NV by 1.9% during the 1st quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock worth $228,000 after purchasing an additional 47 shares during the period. Glenview Trust Co grew its stake in LyondellBasell Industries NV by 0.4% in the 2nd quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after acquiring an additional 50 shares during the period. Kingfisher Capital LLC grew its stake in LyondellBasell Industries NV by 0.5% in the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $1,410,000 after acquiring an additional 75 shares during the period. CAPROCK Group Inc. grew its stake in LyondellBasell Industries NV by 1.0% in the 2nd quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock valued at $704,000 after acquiring an additional 79 shares during the period. Finally, Advisory Services Network LLC grew its stake in LyondellBasell Industries NV by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock valued at $1,622,000 after acquiring an additional 81 shares during the period. 74.05% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Earnings History and Estimates for LyondellBasell Industries NV (NYSE:LYB)

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