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Stock Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Deutsche Bank Global Industrials and Materials Summit

[PR Newswire] – HOUSTON and NEW YORK, May 31, 2016 /PRNewswire/ — LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, today 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. 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. Read more on this. LyondellBasell Industries N.V. (LYB) , valued at $34.70B, opened at $81.87. During the trading session, LYB traded between $81.00 to $82.20 and has traded between $69.10 and $106.50 over the past 12 months. LYB shares are currently priced at 8.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.31x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.40 per share annually in dividends, yielding 4.18%. According to a consensus of 17 analysts, the earnings estimate of $2.52 per share would be $0.28 worse than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $9.75, which would be a $0.60 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.61 Billion. If reported, that would be a 16.74% decrease over the year-ago quarter. In terms of ratings, Nomura downgraded LYB from Buy to Neutral (Apr 27, 2016). Previously, Atlantic Equities downgraded LYB from Neutral to Underweight. Investors should keep in mind is that the average price target is $93.61, which is 14.34% above where the stock opened this morning. See more in (NYSE:LYB) Similar Articles: Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address the Bernstein 32nd Annual Strategic Decisions Conference Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Goldman Sachs Basic Materials Conference Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Bank of America Global Agriculture & Chemicals Conference
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