Shares of chemical giant LyondellBasell Industries (NYSE: LYB) have held up better than the broader market year to date, but the stock has been hit with a handful of recent analyst downgrades and is now down 11%. However, there is a lot to like here and even one of the analysts downgrading the stock has plenty of good things to say about the $26 billion company. Let's examine why LyondellBasell looks like a compelling investment opportunity as it navigates the headwinds.

LyondellBasell is a major producer and refiner of plastic resins and other chemicals. The company's shares stand out as being unbelievably cheap. The company trades at just 4.7 times earnings, which is far below  market average. The company faces plenty of challenges, which is why the stock is 30% off its 52-week high. Elevated natural gas prices aren't great for LyondellBasell as natural gas is a key input for many of its products. Analysts downgrading LyondellBasell point to tepid demand for plastics in China and Europe based on rising energy and electricity costs. 

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Source Fool.com