Skip to main content

Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Bank of America Global Agriculture & Chemicals Conference

[PR Newswire] – HOUSTON and NEW YORK, Feb. 17, 2016 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the world ’s largest plastics, chemical and refining companies , today announced that Sergey Vasnetsov, senior vice … Read more on this. LyondellBasell Industries N.V. (LYB) , with a current market cap of $34.88B, started trading this morning at $79.00. A quick look at the market, the company’s stock traded between $78.50 and $81.04 with a one year range of $69.10 to $107.32. LYB shares are currently priced at 8.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.80x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.12 per share annually in dividends, yielding 4.08%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.26 per share, which would be $0.28 worse than the year-ago quarter and a $0.14 sequential decrease. Investors should also note that the full-year EPS estimate of $9.45 is a $0.90 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.11 Billion. If reported, that would be a 13.08% decrease over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded LYB from Top Pick to Outperform (Feb 3, 2016). Previously, Credit Agricole downgraded LYB from Outperform to Underperform. With the above information in mind, readers should note that the average price target is $91.50, which is 15.82% above where the stock opened this morning. See more in (NYSE:LYB) Similar Articles: Company Update: LyondellBasell Industries NV (NYSE:LYB) – Specialty Chemicals Stocks Technical Review — Platform Specialty Products, LyondellBasell Industries, The Chemours, and Olin 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
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.