Jefferies Reaffirms Their Hold Rating on LANXESS (LNXSF)

In a report released yesterday, Laurence Alexander from Jefferies maintained a Hold rating on LANXESS (LNXSF), with a price target of EUR62.00. The company’s shares closed last Tuesday at $78.13, equals to its 52-week high of $78.13.

According to, Alexander is a 5-star analyst with an average return of 13.7% and a 69.5% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, PPG Industries, and Methanex.

Currently, the analyst consensus on LANXESS is a Moderate Buy with an average price target of $72.44, representing a -6.6% downside. In a report issued on January 10, J.P. Morgan also maintained a Hold rating on the stock with a EUR65.00 price target.

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Based on LANXESS’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and net profit of $26 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $69 million.

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LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.

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