LSB Industries (NYSE:LXU) Price Target Cut to $8.00 by Analysts at UBS Group

LSB Industries (NYSE:LXU) had its price target dropped by research analysts at UBS Group from $11.00 to $8.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. UBS Group’s price target would indicate a potential upside of 55.04% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th. Piper Sandler set a $10.00 price target on LSB Industries in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.75.

LSB Industries Trading Down 1.5 %

Shares of LXU stock traded down $0.08 on Wednesday, reaching $5.16. 98,116 shares of the stock were exchanged, compared to its average volume of 355,977. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. LSB Industries has a one year low of $4.69 and a one year high of $10.40. The stock has a market cap of $370.74 million, a PE ratio of -24.55, a P/E/G ratio of 0.89 and a beta of 0.87. The stock has a 50 day moving average price of $6.89 and a 200 day moving average price of $7.96.

Institutional Investors Weigh In On LSB Industries

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of LSB Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate’s stock valued at $23,446,000 after buying an additional 12,345 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of LSB Industries by 6.1% during the 4th quarter. Systematic Financial Management LP now owns 1,762,470 shares of the conglomerate’s stock worth $13,377,000 after buying an additional 102,027 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of LSB Industries by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate’s stock worth $13,361,000 after buying an additional 88,506 shares during the period. American Century Companies Inc. grew its stake in LSB Industries by 11.7% in the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock valued at $12,304,000 after buying an additional 169,275 shares during the last quarter. Finally, State Street Corp lifted its position in LSB Industries by 0.6% during the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock worth $10,164,000 after acquiring an additional 7,751 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

LSB Industries Company Profile

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.