Brokerages Set LSB Industries, Inc. (NYSE:LXU) Price Target at $9.69

Shares of LSB Industries, Inc. (NYSE:LXU) have earned an average rating of “Hold” from the four analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.69.

LXU has been the subject of a number of analyst reports. Piper Sandler lifted their target price on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a research report on Monday, August 12th. UBS Group dropped their target price on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th.

LSB Industries Stock Down 4.2 %

NYSE:LXU opened at $7.10 on Friday. The firm has a market capitalization of $507.96 million, a price-to-earnings ratio of 29.58, a PEG ratio of 2.18 and a beta of 0.83. LSB Industries has a 1-year low of $6.74 and a 1-year high of $10.83. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $8.05 and its 200 day moving average price is $8.30.

LSB Industries (NYSE:LXU) last issued its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $140.07 million for the quarter, compared to analyst estimates of $147.09 million. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. On average, sell-side analysts forecast that LSB Industries will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LSB Industries

Several institutional investors and hedge funds have recently bought and sold shares of LXU. Gendell Jeffrey L grew its holdings in shares of LSB Industries by 32.1% in the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock worth $18,558,000 after purchasing an additional 484,535 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of LSB Industries by 9.3% in the 1st quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after purchasing an additional 92,500 shares during the last quarter. Versor Investments LP grew its holdings in shares of LSB Industries by 24.9% in the 4th quarter. Versor Investments LP now owns 43,403 shares of the conglomerate’s stock worth $404,000 after purchasing an additional 8,648 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 7,074 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of LSB Industries by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after purchasing an additional 1,837 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.