LyondellBasell May Not Be Exciting, But It Still Has Room To Run
- LyondellBasell reported strong second quarter earnings. While the stock price has risen over 7% since the report, the valuation still looks reasonable.
- LyondellBasell believes that through the first weeks of the third quarter, industry conditions have been similar to the second quarter environment in which they beat earnings estimates by more then 15%.
- Analysts have raised their earnings estimates 8.3% this year and 6.1% next year.
- The stock is up 52.3% in the last year. When you factor in the current valuation, the stock still has around 24.4% upside remaining before LyondellBasell is considered fairly valued.