LyondellBasell Industries NV (LYB) Monthly Report
Publication Date: September 22, 2024
Company Overview
LyondellBasell Industries NV (LYB) is a leading chemical manufacturer based in Houston, Texas, renowned for its diverse range of chemical products. As a major player in the Specialty Chemicals sector within the Basic Materials industry, LyondellBasell’s operations are prominently segmented into Olefins and Polyolefins, Intermediates and Derivatives, and Advanced Polymer Solutions across the Americas and Europe. The company, established in 2007, excels at providing crucial compounds such as polyethylene, polypropylene, and propylene oxide, along with cutting-edge polymers and refined products. As a tradable stock option, LYB represents a strategic choice for investors looking to navigate the materials marketplace.
Market Outlook
Currently, the specialty chemicals industry exhibits a stable outlook, leading market analysts to recommend a “hold” on investment securities within this sector. LyondellBasell reported a total revenue of approximately $41.04 billion, showcasing strong financial health and an ability to weather fluctuating market conditions. Analysts are optimistic, projecting a target high stock price of $119.00, indicating a potential upside of about 26.5% from the current stock price of $94.04. Despite this positive sentiment, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) remains unreported, necessitating further examination to gain clearer insights into its operational efficiency.
Stock Performance Insights
LyondellBasell currently has 325,088,992 shares outstanding, with a relatively low short interest of 0.0165%. This suggests a predominant positive sentiment among investors, as minimal shares are being shorted relative to the total float of 259,076,598 shares available for trading. The stock, priced at $94.04, is positioned below the fifty-day moving average of $96.16, reflecting volatility but also the potential for recovery, given its fifty-two week high of $107.02. Furthermore, the consensus among 21 analysts gives an average rating of 2.7, signaling that LYB is fairly valued at present and advising holders to maintain their positions while monitoring market developments for future opportunities.
| Metric | Value |
|---|---|
| Market Cap | $30.6b |
| Total Debt | $12.8b |
| Total Cash | $2.9b |
| Shares Outstanding | 325.1m |
| Float Shares | 259.1m |
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