Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Goldman Sachs Basic Materials Conference

[PR Newswire] – HOUSTON and NEW YORK, May 2, 2016 /PRNewswire/ — LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, today announced that Doug Pike, vice president, Investor Relations, will address investors at the Goldman Sachs Basic Materials Conference on May 17, 2016, at 9:45 a.m. EDT. 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) , with a current value of $35.77B, opened this morning at $83.00. A quick look at the market, the company’s stock traded between $82.00 and $84.18 with the price of the stock fluctuating between $69.10 to $107.32 over the last 52 weeks. LYB shares are currently priced at 8.67x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.02x earnings multiple. The company pays shareholders $3.12 per share in dividend income per year, for a current yield of 3.77%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.49 per share, which would be $0.31 worse than the year-ago quarter and a $0.18 sequential decrease. The full-year EPS estimate is $9.53 which would be a $0.82 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.52 Billion. If realized, that would be a 17.72% 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. When considering if the stock is under or overvalued, the average price target is $93.39, which is 12.52% above where the stock opened this morning. See more in (NYSE:LYB) Similar Articles: Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell Among the Top United Way of Greater Houston Campaigns for 2015 Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Bank of America Global Agriculture & Chemicals Conference Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Discuss Fourth-Quarter Results on Tuesday, Feb. 2, 2016