LyondellBasell Industries (NYSE:LYB) Target Lowered by Wells Fargo & Company to $127.00

LyondellBasell Industries stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by Wells Fargo & Company on 10/12/2021. In a note to investors, the firm issued a new target price of $127.00. The analysts previously had $140.00 target price. Wells Fargo & Company’s price target would indicate a potential upside of 30.38% from the stock’s previous close.

Shares of traded on monday, reaching $96.70. 184978 shares of the stock traded hands, compared to its average volume of 2293034. On monday, Shares of closed at $96.70. The firm’s 50 day moving average is $97.42 and its 200 day moving average is $101.46.  has a 12 month low of $66.72 and a 12 month high of $118.02. While on yearly highs and lows, today has traded high as $97.88 and has touched $96.39 on the downward trend.

Earnings and What to expect: 

LyondellBasell Industries last released its earnings data on July 30th, 2021. The specialty chemicals company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.67 by $0.46. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.09 billion. Its revenue was up 108.5% on a year-over-year basis. LyondellBasell Industries has generated $5.61 earnings per share over the last year ($12.19 diluted earnings per share) and currently has a price-to-earnings ratio of 8.0. Earnings for LyondellBasell Industries are expected to decrease by -18.39% in the coming year, from $19.79 to $16.15 per share. LyondellBasell Industries has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, October 29th, 2021 based off prior year’s report dates.

Earnings for LyondellBasell Industries are expected to decrease by -18.39% in the coming year, from $19.79 to $16.15 per share. The P/E ratio of LyondellBasell Industries is 7.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.27. The P/E ratio of LyondellBasell Industries is 7.99, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.22. LyondellBasell Industries has a PEG Ratio of 0.59. PEG Ratios below 1 indicate that a company could be undervalued. LyondellBasell Industries has a P/B Ratio of 4.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

(NYSE:LYB) Moving Average Technical Analysis

5 day Moving Average is $$97.42 And 5 day price change is $1.27 (1.31%)  with average volume for 5 day average is 1,405,611. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $94.74 and 20 day price change is $4.17 (4.44%) and average 20 day moving volume is 1,932,498. 50 day moving average is $97.42  and 50 day price change is -$0.90 ( -0.91%)  and with average volume for 50 days is : 1,904,589. 200 day moving average is $101.46  and 200 day price change is $7.39 (8.16%)  and with average volume for 200 days is : 1,718,565.

Other owners latest trading in LyondellBasell Industries :

  • On 10/8/2021 shares held by IVC Wealth Advisors LLC were 12,433 which equates to market value of $1.17M and appx 0.80% owners of LyondellBasell Industries
  • On 10/8/2021 shares held by Burke & Herbert Bank & Trust Co. were 3,569 which equates to market value of $0.34M and appx 0.20% owners of LyondellBasell Industries
  • On 10/8/2021 shares held by Creative Financial Designs Inc. ADV were 503 which equates to market value of $47K and appx 0.00% owners of LyondellBasell Industries
  • In total Institutional ownership equates to Institutional Ownership Percentage: 69.35% for LyondellBasell Industries

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