A Reversal for Albemarle Corporation (ALB) Is Not Near. The Stock Reaches All Time High Today

September 17, 2017 - By Winifred Garcia

Investors sentiment is 1.1 in Q4 2016. Its the same as in 2016Q3. It is the same, as 39 investors sold Albemarle Corporation shares while 139 reduced holdings. only 57 funds opened positions while 139 raised stakes. 93.49 million shares or 0.19% more from 93.32 million shares in 2016Q3 were reported.
Glenmede Na reported 0% stake. Mason Street Advisors Ltd Com invested in 15,386 shares. Torray Ltd Llc owns 176,928 shares or 1.62% of their US portfolio. Bp Public Ltd accumulated 14,000 shares or 0.05% of the stock. Teachers Retirement Of The State Of Kentucky invested in 0.02% or 14,600 shares. Proshare Advsr Ltd Limited Liability Company holds 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB) for 18,055 shares. Korea Investment Corporation stated it has 0.02% in Albemarle Corporation (NYSE:ALB). Ibm Retirement Fund accumulated 8,924 shares. Tiaa Cref Mgmt Limited reported 0.11% in Albemarle Corporation (NYSE:ALB). Lord Abbett And has 237,808 shares. The New York-based Wellington Shields Capital Mngmt Limited Co has invested 0.1% in Albemarle Corporation (NYSE:ALB). Quantitative Systematic Strategies Ltd Liability Corporation accumulated 13,092 shares or 0.46% of the stock. Clifford Swan Invest Counsel Lc reported 39,000 shares. Wellington Mngmt Group Incorporated Limited Liability Partnership reported 113,779 shares. Winslow Evans & Crocker invested 0% in Albemarle Corporation (NYSE:ALB).

Since June 19, 2017, it had 0 insider buys, and 2 insider sales for $3.24 million activity. Maine Douglas L sold $1.08 million worth of stock or 10,000 shares.

The stock of Albemarle Corporation (NYSE:ALB) reached all time high today, Sep, 17 and still has $132.38 target or 4.00 % above today’s $127.29 share price. This indicates more upside for the $14.06 billion company. This technical setup was reported by Barchart.com. If the $132.38 PT is reached, the company will be worth $562.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.02% or $1.29 on September 15, reaching $127.29. About 1.62M shares traded or 14.89% up from the average. Albemarle Corporation (NYSE:ALB) has risen 45.60% since September 17, 2016 and is uptrending. It has outperformed by 28.90% the S&P500.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on November, 6. They expect $1.07 earnings per share, up 17.58 % or $0.16 from last year’s $0.91 per share. ALB’s profit will be $118.19M for 29.74 P/E if the $1.07 EPS becomes a reality. After $1.13 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -5.31 % negative EPS growth.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 17 analysts covering Albemarle Corporation (NYSE:ALB), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Albemarle Corporation had 43 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, August 22, the company rating was maintained by Robert W. Baird. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Jefferies on Friday, June 16. As per Wednesday, April 5, the company rating was maintained by Jefferies. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Monday, November 2 by Citigroup. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Oppenheimer on Wednesday, August 16. The firm has “Buy” rating given on Monday, April 18 by Citigroup. The firm has “Hold” rating given on Wednesday, August 9 by Suntrust Robinson. Seaport Global downgraded Albemarle Corporation (NYSE:ALB) on Thursday, March 10 to “Neutral” rating. As per Wednesday, August 9, the company rating was downgraded by SunTrust. Deutsche Bank maintained the shares of ALB in report on Wednesday, September 16 with “Buy” rating.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “The Best Way To Profit From Electric Cars” on September 14, 2017. Also Nasdaq.com published the news titled: “Albemarle Corporation (ALB) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Prnewswire.com‘s news article titled: “Albemarle Corporation to attend UBS Global Chemicals & Paper and Packaging …” with publication date: August 31, 2017 was also an interesting one.

Albemarle Corporation is a global developer, maker and marketer of highly-engineered specialty chemicals. The company has market cap of $14.06 billion. The Firm operates through three divisions: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It has a 47.67 P/E ratio. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.

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