In a report released on January 10, Andrew Wong CFA from RBC Capital maintained a Buy rating on Lsb Industries (LXU – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $8.08.
Wong CFA covers the Basic Materials sector, focusing on stocks such as CF Holdings, Lsb Industries, and Mosaic Co. According to TipRanks, Wong CFA has an average return of 9.9% and a 47.59% success rate on recommended stocks.
Lsb Industries has an analyst consensus of Strong Buy, with a price target consensus of $11.50.
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Based on Lsb Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $114.29 million and a GAAP net loss of $7.73 million. In comparison, last year the company earned a revenue of $184.27 million and had a net profit of $2.31 million
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Lsb Industries (LXU) Company Description:
LSB Industries, Inc. engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility). The company was founded by Jack E. Golsen in 1968 and is headquartered in Oklahoma City, OK.
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