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Market Update (NYSE:LYB): LyondellBasell Announces Executive Leadership Changes

[PR Newswire] – HOUSTON and LONDON, Jan. 14, 2016 /PRNewswire/ — LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, today announced several senior leadership changes. After four years with LyondellBasell, Timothy D. Roberts, executive vice president of global Olefins and Polyolefins has announced his decision to leave the company. Read more on this. LyondellBasell Industries N.V. (LYB) , with a current value of $34.25B, began trading this morning at $74.91. Looking at the stock, its one day range is $73.94 to $77.67 and has traded between $72.76 and $107.32 over the past year. LYB shares are currently priced at 7.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.28x forward p/e ratio. The company pays shareholders $3.12 per share in dividend income per year, for a current yield of 3.92%. According to a consensus of 21 analysts, the earnings estimate of $2.13 per share would be $0.35 worse than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $10.33 which would be a $1.41 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.65 Billion. If realized, that would be a 25.66% decrease over the year-ago quarter. More recently, Credit Agricole downgraded LYB from Outperform to Underperform (Jan 11, 2016). Previously, Macquarie downgraded LYB from Outperform to Neutral. The average price target for LYB shares by the analysts covering it is $102.71, which is 37.11% above where the stock opened. See more in (NYSE:LYB) Similar Articles: Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell Names Thomas Aebischer Executive Vice President and Chief Financial Officer Stock Update (NYSE:LYB): LyondellBasell to address Credit Suisse 28th Annual Basic Materials Conference Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to address UBS Best of Americas 2015 Conference
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