Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Discuss Fourth-Quarter Results on Tuesday, Feb. 2, 2016

[PR Newswire] – HOUSTON and LONDON, Jan. 19, 2016 /PRNewswire/ — LyondellBasell (NYSE: LYB) will announce fourth-quarter financial results before the U.S. market opens on Tuesday, Feb. 2, to be followed by a webcast … Read more on this. LyondellBasell Industries N.V. (LYB) , with a current value of $33.43B, began trading this morning at $75.06. Looking at the equity, the company’s one day range is $73.48 to $75.73 with its 52-week range being $72.76 to $107.32. LyondellBasell (LYB) shares are currently priced at 7.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.42x earnings multiple for the same period. The company pays shareholders $3.12 per share in dividend income per year, for a current yield of 4.09%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $2.14 per share, which would be $0.34 worse than the year-ago quarter and a $0.10 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $10.33, which would be a $1.41 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.65 Billion. If realized, that would be a 25.66% decrease over the year-ago quarter. More recently, Credit Agricole downgraded LYB from Outperform to Underperform (Jan 11, 2016). Previously, Macquarie downgraded LYB from Outperform to Neutral. The average price target for LYB shares by the analysts covering it is $100.57, which is 33.99% above where the stock opened. See more in (NYSE:LYB) Similar Articles: Market Update (NYSE:LYB): LyondellBasell Announces Executive Leadership Changes Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell Names Thomas Aebischer Executive Vice President and Chief Financial Officer Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to address UBS Best of Americas 2015 Conference