UBS Group Lowers LSB Industries (NYSE:LXU) Price Target to $8.00

LSB Industries (NYSE:LXU) had its price target decreased by stock analysts at UBS Group from $11.00 to $8.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. UBS Group’s price target points to a potential upside of 56.10% from the company’s previous close.

LXU has been the subject of several other reports. StockNews.com cut shares of LSB Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Piper Sandler set a $10.00 target price on shares of LSB Industries in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.75.

LSB Industries Stock Up 1.1 %

NYSE:LXU opened at $5.13 on Wednesday. LSB Industries has a 1-year low of $4.88 and a 1-year high of $10.40. The firm has a market capitalization of $368.23 million, a price-to-earnings ratio of -24.40, a PEG ratio of 0.89 and a beta of 0.87. 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 business’s fifty day moving average price is $6.83 and its 200 day moving average price is $7.94.

Hedge Funds Weigh In On LSB Industries

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in LSB Industries by 394,900.0% in the first quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 3,949 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of LSB Industries by 157.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 2,230 shares during the last quarter. GAMMA Investing LLC boosted its holdings in LSB Industries by 21,016.0% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 5,254 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in LSB Industries in the fourth quarter worth $54,000. Finally, New York State Common Retirement Fund increased its position in LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock worth $63,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.