BMO Capital Reaffirms Their Hold Rating on LyondellBasell (LYB)

In a report released today, John McNulty from BMO Capital maintained a Hold rating on LyondellBasell, with a price target of $68.00.

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McNulty covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Dow Inc, and RPM International. According to TipRanks, McNulty has an average return of 2.5% and a 49.50% success rate on recommended stocks.

In addition to BMO Capital, LyondellBasell also received a Hold from TipRanks – Google’s Google Chemicals – Specialty in a report issued on March 13. However, on March 12, Citi upgraded LyondellBasell (NYSE: LYB) to a Buy.

Based on LyondellBasell’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.09 billion and a GAAP net loss of $140 million. In comparison, last year the company earned a revenue of $9.5 billion and had a GAAP net loss of $598 million

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYB in relation to earlier this year. Earlier this month, AI INVESTMENTS HOLDINGS LLC, a Major Shareholder at LYB sold 385,390.00 shares for a total of $26,254,959.78.