At the time of writing, LyondellBasell Industries NV [LYB] stock is trading at $100.28, up 1.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LYB shares have gain 2.02% over the last week, with a monthly amount glided 4.84%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, LyondellBasell Prices Public Offering of Guaranteed Notes. In a post published today on Yahoo Finance, LyondellBasell (NYSE: LYB) announced today that LYB International Finance III, LLC, its wholly-owned subsidiary, priced a public offering (the “Offering”) of $750,000,000 aggregate principal amount of 5.500% Guaranteed Notes due 2034 (the “Notes”). The Notes will be fully and unconditionally guaranteed by LyondellBasell. The Offering is expected to close on February 28, 2024, subject to the satisfaction of customary closing conditions.
From an analyst’s perspective:
LyondellBasell Industries NV [NYSE: LYB] stock has seen the most recent analyst activity on February 05, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $100 from $95. Previously, Deutsche Bank downgraded its rating to Hold on January 10, 2024, and kept the price target unchanged to $105. On January 03, 2024, upgrade upgraded it’s rating to Buy. Citigroup downgraded its rating to a Neutral and decreased its price target to $98 on December 13, 2023. BofA Securities upgraded its rating to a Neutral and raised its price target to $107 on October 18, 2023. Citigroup upgraded its rating to Buy for this stock on October 04, 2023, and upped its price target to $106. In a note dated October 03, 2023, KeyBanc Capital Markets upgraded an Sector Weight rating on this stock.
For the past year, the stock price of LyondellBasell Industries NV fluctuated between $81.24 and $102.04. Currently, Wall Street analysts expect the stock to reach $106.19 within the next 12 months. LyondellBasell Industries NV [NYSE: LYB] shares were valued at $100.28 at the most recent close of the market. An investor can expect a potential return of 5.89% based on the average LYB price forecast.
Analyzing the LYB fundamentals
According to LyondellBasell Industries NV [NYSE:LYB], the company’s sales were 40.92B for trailing twelve months, which represents an -4.74% plunge. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 99.05 points at the first support level, and at 97.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.04, and for the 2nd resistance point, it is at 101.81.
LyondellBasell Industries NV [LYB] reported earnings per share of $1.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.31/share, meaning a difference of $0.08 and a surprise factor of 6.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.46 per share as compared to estimates of $2.03 per share, a difference of $0.43 representing a surprise of 21.20%.
Ratios To Look Out For
It is important to note that LyondellBasell Industries NV [NYSE:LYB] has a current ratio of 1.84. As well, the Quick Ratio is 1.16, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 15.51.
Transactions by insiders
Recent insider trading involved Lane Kenneth Todd, EVP, Olefins and Polyolefins, that happened on Feb 26 when 9489.0 shares were sold. EVP, Olefins and Polyolefins, Lane Kenneth Todd completed a deal on Feb 23 to sell 29229.0 shares. Meanwhile, 10% Owner AI INVESTMENTS HOLDINGS LLC sold 0.21 million shares on Feb 16.
