LyondellBasell Industries NV (NYSE:LYB): Buy, Sell Or Hold At $98.54?

In last trading session, LyondellBasell Industries NV (NYSE:LYB) saw 1.37 million shares changing hands with its beta currently measuring 1.11. Company’s recent per share price level of $98.54 trading at $1.12 or 1.15% at ring of the bell on the day assigns it a market valuation of $32.09B. That closing price of LYB’s stock is at a discount of -8.61% from its 52-week high price of $107.02 and is indicating a premium of 13.94% from its 52-week low price of $84.80. Taking a look at company’s average trading volume volume of 1.93 million if we extend that period to 3-months.

LyondellBasell Industries NV (NYSE:LYB) trade information

Upright in the green during last session for gaining 1.15%, in the last five days LYB remained trading in the red while hitting it’s week-highest on Monday, 05/20/24 when the stock touched $98.54 price level, adding 2.42% to its value on the day. LyondellBasell Industries NV’s shares saw a change of 3.64% in year-to-date performance and have moved -2.35% in past 5-day. LyondellBasell Industries NV (NYSE:LYB) showed a performance of -1.14% in past 30-days.

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LyondellBasell Industries NV (LYB) estimates and forecasts

Statistics highlight that LyondellBasell Industries NV is scoring comparatively lower than the scores of other players of the relevant industry. The company added 3.77% of value to its shares in past 6 months, showing an annual growth rate of -1.73% while that of industry is 4.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.10% from the last financial year’s standing.

15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.47B for the same. And 15 analysts are in estimates of company making revenue of 10.82B in the next quarter. Company posted 10.79B and 10.62B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.67% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.80% while estimates for its earnings growth in next 5 years are of 7.25%.

LYB Dividends

LyondellBasell Industries NV is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.