LyondellBasell Industries NV (NYSE: LYB) has reported earnings for its second fiscal quarter (ending June 30) of $2.83 versus $2.19 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $7.14 versus $6.46 for the same period a year ago.
Recent Price Action
LyondellBasell Industries NV (NYSE: LYB) stock declined by -3.8% on 8/2/24. The shares closed at $94.39. Moreover, unusually high trading volume at 163% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.3% during the last week.
Current PriceTarget Research Rating
LYB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
LyondellBasell Industries has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. LyondellBasell Industries has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 62, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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