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How Wall Street Analysts Rate LyondellBasell ahead of 1Q18 Earnings

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Dec. 4 2020, Updated 10:52 a.m. ET

Analyst consensus on LyondellBasell

The number of analysts tracking LyondellBasell (LYB) since its previous earnings has come down from 24 to 23. 22% of these analysts have given “buy” recommendations, 69% have insisted on a “hold,” while 9% have recommended a “sell.”

The analyst consensus target price for LyondellBasell is $116.82, implying a return potential of 8.5% over the closing price of $107.68 as of April 20, 2018. LYB has more or less hovered around the current target price.

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LYB’s move towards the acquisition of A. Schulman (SHLM) and antitrust clearance for the acquisition could signify future growth for LYB. LYB has also initiated a joint venture with SUEZ and acquired Quality Circular Polymers. The increase in the crude oil prices could help its refinery segment growth in a significant manner. As a result, many analysts have recommended the stock as a “hold.” LYB’s 1Q18 earnings could give a clear direction on the stock.

Individual analyst recommendations

  • BMO has rated LyondellBasell as “outperform” with a target price of $111, implying a potential return of 3.1% over its closing price of $107.68 as of April 20, 2018.
  • Morgan Stanley (MS) has recommended LYB as a “buy” with a target price of $130, implying a return potential of 20.7% over its closing price as of April 20, 2018.
  • Barclays (BCS) has rated LyondellBasell as “overweight” and recommended a target price of $125, which implies a potential return of 16.1% over its closing price as of April 20, 2018.

Investors can invest in the iShares Edge MSCI Multifactor Materials ETF (MATF) to hold LYB indirectly. MATF has invested 6.9% of its portfolio in LYB as of April 20, 2018.

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