Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.1%. By the end of trading, LyondellBasell Industries fell 62 cents (-1.3%) to $48 on light volume. Throughout the day, 3.4 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in price between $47.55-$48.60 after having opened the day at $48.41 as compared to the previous trading day's close of $48.62. Other companies within the Chemicals industry that declined today were:
), down 14.9%,
), down 6.6%,
), down 6.3%, and
), down 5.7%.
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LyondellBasell Industries N.V. manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $27.6 billion and is part of the basic materials sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 49.6% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates LyondellBasell Industries as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
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