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.