Royal Bank of Canada Reiterates “Outperform” Rating for LSB Industries (NYSE:LXU)

Royal Bank of Canada reaffirmed their outperform rating on shares of LSB Industries (NYSE:LXU) in a report released on Monday,Benzinga reports. They currently have a $10.00 price target on the conglomerate’s stock.

A number of other research firms have also weighed in on LXU. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock 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 company an “underweight” rating in a research report on Thursday, August 8th. One equities research 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. Based on data from MarketBeat, LSB Industries presently has an average rating of “Hold” and a consensus price target of $10.25.

LSB Industries Price Performance

LSB Industries stock opened at $8.94 on Monday. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. LSB Industries has a 12-month low of $6.74 and a 12-month high of $10.40. The firm has a market capitalization of $640.29 million, a PE ratio of -42.57, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. The firm has a 50-day moving average price of $8.23 and a 200-day moving average price of $8.41.

Institutional Investors Weigh In On LSB Industries

Several institutional investors have recently bought and sold shares of LXU. First Eagle Investment Management LLC lifted its holdings 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 valued at $9,578,000 after purchasing an additional 92,500 shares during the last quarter. International Assets Investment Management LLC increased its position in LSB Industries by 691.2% during the 3rd quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock valued at $7,272,000 after buying an additional 790,194 shares in the last quarter. Comerica Bank purchased a new stake in LSB Industries in the first quarter valued at about $210,000. Price T Rowe Associates Inc. MD grew its stake in shares of LSB Industries by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after acquiring an additional 1,837 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of LSB Industries by 84.3% during the first quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after acquiring an additional 12,082 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.