Todays Report: The Analysts’ Weekly Ratings Changes for LyondellBasell Industries (LYB)

The Analysts’ Weekly Ratings Changes for LyondellBasell Industries (LYB)

Several brokerages have updated their recommendations and price targets on shares of LyondellBasell Industries (NYSE: LYB) in the last few weeks:

Shares of LyondellBasell Industries (NYSE:LYB) traded down 0.61% during midday trading on Wednesday, reaching $79.81. The company’s stock had a trading volume of 772,994 shares. The stock has a market cap of $33.18 billion, a price-to-earnings ratio of 8.62 and a beta of 1.46. The stock has a 50-day moving average price of $78.89 and a 200-day moving average price of $80.15. LyondellBasell Industries has a 52-week low of $69.10 and a 52-week high of $97.20.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, July 29th. The company reported $2.45 EPS for the quarter, missing the Zacks’ consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a return on equity of 66.25% and a net margin of 13.91%. The company earned $7.33 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the prior year, the business posted $2.81 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 19.9% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries will post $9.61 earnings per share for the current fiscal year.

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