The mean price target for the shares of LyondellBasell Industries NV (NYSE:LYB)is at $94.37 while the highest price target suggested by the analysts is $115.00 and low price target is $75.00. The mean price target is calculated keeping in view the consensus of 19 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 7.59B by 15 analysts. The means estimate of sales for the year ending Dec 16 is 29.45B by 18 analysts.
The average estimate of EPS for the current fiscal quarter for LyondellBasell Industries NV (NYSE:LYB)stands at $2.53 while the EPS for the current year is fixed at $9.76 by 18.00 analysts
The next one year’s EPS estimate is set at 9.91 by 20.00 analysts while a year ago the analysts suggested the company’s EPS at $9.76. The analysts also projected the company’s long-term growth at 6.50% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , LyondellBasell Industries NV (NYSE:LYB)reported earnings of $2.30. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 0.40%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
LyondellBasell Industries NV (NYSE:LYB) traded down -2.95% during trading on Friday, hitting $81.61 . The stock had a trading volume of 4.5 M shares. The firm has a 50 day moving average of $82.93 and a 200-day moving average of $83.65. The stock has a market cap of $34.10B and a price-to-earnings ratio of 8.37. On Jun 25, 2015 the shares registered one year high at $106.50 and the one year low was seen on Jan 20, 2016.
On May 31, 2016 LyondellBasell Industries NV (NYSE:LYB) announced that Doug Pike, vice president of Investor Relations, will address investors at the Deutsche Bank Global Industrials and Materials Summit on June 9, 2016, at 11:20 a.m. CDT. The conference will take place at The Westin River North in Chicago.
Webcast and Presentation Slides Access
A live webcast can be accessed at the time of the presentation at https://lyb.com/investorevents, where copies of the slides related to the webcast will also be available for download. A replay of the presentation will be available on the company’s website within 24 hours following the webcast.
About LyondellBasell
LyondellBasell (LYB) is one of the world’s largest plastics, chemical and refining companies and a member of the S&P 500 Index. LyondellBasell (www.lyb.com) manufactures products at 57 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world, including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.
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