LSB Industries (NYSE:LXU) Raised to Buy at UBS Group

LSB Industries (NYSE:LXU) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a $11.00 price target on the conglomerate’s stock, up from their prior price target of $9.50. UBS Group’s target price would suggest a potential upside of 31.74% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler lifted their target price on shares of LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, LSB Industries presently has an average rating of “Hold” and a consensus target price of $10.25.

LSB Industries Price Performance

LXU opened at $8.35 on Thursday. The company has a fifty day moving average price of $7.85 and a two-hundred day moving average price of $8.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.19 and a current ratio of 3.41. LSB Industries has a 52 week low of $6.74 and a 52 week high of $10.59. The firm has a market capitalization of $597.39 million, a PE ratio of 34.79, a P/E/G ratio of 1.43 and a beta of 0.82.

LSB Industries (NYSE:LXU) last released its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The firm had revenue of $140.07 million during the quarter, compared to analyst estimates of $147.09 million. As a group, analysts anticipate that LSB Industries will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On LSB Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in LSB Industries in the 2nd quarter valued at $34,000. Bayesian Capital Management LP bought a new stake in LSB Industries in the 1st quarter valued at $97,000. Squarepoint Ops LLC bought a new stake in LSB Industries in the 2nd quarter valued at $116,000. Susquehanna Fundamental Investments LLC bought a new stake in LSB Industries in the 2nd quarter valued at $118,000. Finally, SG Americas Securities LLC bought a new stake in LSB Industries in the 3rd quarter valued at $151,000. 73.67% of the stock is owned by institutional investors.

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.