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What Wall Street Analysts Recommend for LyondellBasell

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Jun. 29 2017, Updated 7:40 a.m. ET

Analyst recommendations for LyondellBasell

As of June 26, 2017, 24 analysts from different brokerage firms actively monitor LyondellBasell stock. Among them, 33% have recommended a “buy,” 58% have recommended a “hold,” while the remaining 9% have recommended a “sell.”

The latest analyst consensus indicates LYB’s 12-month target to be at $94.83, implying a potential return of 17.2% from the closing price of $80.89 as of June 26, 2017. The target price of analysts for LYB has come down to $94.83 as compared to $98.10 in April 2017.

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Why analysts are suggesting a “hold” for LYB

Although LyondellBasell’s 1Q17 earnings missed analysts’ estimate, the positive developments like the announcement of a new share buyback program, new business wins, and new product launches are likely to benefit the shareholders. As a result, most analysts recommend a “hold” for LyondellBasell.

A glance into individual brokerage firms’ recommendations and targets

Below are some of the recommended target prices for LyondellBasell by individual brokerage firms:

  • HSBC (HSBC) rated LyondellBasell as “buy” with a target price of $101, implying a 12-month potential return of 24.9% over its closing price of $80.89 on June 26, 2017.
  • BOFA Merrill has cut LyondellBasell to “underperform” from “buy” with a target price of $80. As of June 26, 2017, LYB closed at $80.89, which is above the target price.
  • Evercore rated LyondellBasell as a “buy” with a target price of $109, which implies a 12-month potential return of 34.8% over its closing price of $80.89 on June 26, 2017.

Investors can invest in the ProShares Ultra Basic Materials (UYM) and hold LYB indirectly. UYM has invested 3.0% of its portfolio in LYB. The top holdings of the fund include Dow Chemical (DOW), DuPont (DD), and Monsanto (MON), which have weights of 8.1%, 8.0%, and 5.9%, respectively.

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