LSB Industries (NYSE:LXU) Earns “Outperform” Rating from Royal Bank of Canada

LSB Industries (NYSE:LXU)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research note issued to investors on Monday, Benzinga reports. They currently have a $10.00 price target on the conglomerate’s stock. Royal Bank of Canada’s price target indicates a potential upside of 16.82% from the company’s previous close.

LXU has been the topic of a number of other research reports. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. Piper Sandler increased their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.25.

LSB Industries Trading Up 1.7 %

Shares of LXU opened at $8.56 on Monday. LSB Industries has a twelve month low of $6.74 and a twelve month high of $10.40. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The company’s fifty day simple moving average is $8.18 and its 200-day simple moving average is $8.41. The company has a market cap of $613.07 million, a P/E ratio of -40.76, a P/E/G ratio of 2.64 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LXU. First Eagle Investment Management LLC grew its position in shares of LSB Industries by 9.3% during the 1st quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after buying an additional 92,500 shares in the last quarter. International Assets Investment Management LLC lifted its stake in LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after acquiring an additional 790,194 shares during the period. Comerica Bank bought a new position in LSB Industries during the 1st quarter worth about $210,000. Price T Rowe Associates Inc. MD increased its position in LSB Industries by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of LSB Industries by 84.3% in the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after purchasing an additional 12,082 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other 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.