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Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address the Bernstein 32nd Annual Strategic Decisions Conference

[PR Newswire] – HOUSTON and NEW YORK, May 17, 2016 /PRNewswire/ — LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, today announced that Bob Patel, CEO and chairman of the management board, will address investors at the Bernstein 32nd Annual Strategic Decisions Conference on June 3, 2016, at 10:00 a.m. EDT. The conference will take place at The Waldorf Astoria Hotel in New York. LyondellBasell (LYB) is one of the world’s largest plastics, chemical and refining companies and a member of the S&P 500 Index. Read more on this. LyondellBasell Industries N.V. (LYB) , with a current market cap of $35.80B, opened at $83.06. Looking at today’s market, LYB one day range is $83.00 to $85.00 with its 52-week range being $69.10 to $106.50. LyondellBasell (LYB) shares are currently priced at 8.54x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 28.70x earnings multiple for the same period. The company pays shareholders $3.12 per share annually in dividends, yielding 3.87%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $2.50 per share, which would be $0.30 worse than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $9.75 is a $0.60 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.53 Billion. If realized, that would be a 17.61% decrease over the year-ago quarter. More recently, Nomura downgraded LYB from Buy to Neutral (Apr 27, 2016). Previously, Atlantic Equities downgraded LYB from Neutral to Underweight. The average price target for LYB shares is $94.11, which is 13.30% above where the stock opened this morning. See more in (NYSE:LYB) Similar Articles: Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Goldman Sachs Basic Materials Conference Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell Completes Second Polypropylene Compounds Acquisition in India Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Bank of America Global Agriculture & Chemicals Conference
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