What’s Ahead for Albemarle Corporation (ALB) After Achieving 52-Week High?

September 17, 2017 - By Linda Rogers

Investors sentiment is 1.1 in 2016 Q4. 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.
Waratah Advisors Ltd has 0.64% invested in Albemarle Corporation (NYSE:ALB) for 50,085 shares. Wedge Cap Mngmt L Ltd Partnership Nc stated it has 95,197 shares. C M Bidwell & holds 0.83% of its portfolio in Albemarle Corporation (NYSE:ALB) for 40,830 shares. Bessemer Gp holds 0% or 20 shares. The Wisconsin-based Dana Advsrs has invested 0.62% in Albemarle Corporation (NYSE:ALB). Apg Asset Mgmt Nv reported 172,690 shares. Natixis Asset Mgmt holds 21,472 shares. Iridian Asset Management Ltd Liability Com Ct reported 2.08 million shares stake. 2.20 million were accumulated by Blackrock Fund Advsrs. Credit Suisse Ag stated it has 0.01% in Albemarle Corporation (NYSE:ALB). Zwj Investment Counsel holds 0.8% or 97,320 shares. First Citizens Bancorp & Tru owns 10,796 shares. Ameritas Investment Prtn invested in 0.01% or 2,687 shares. Asset Management invested in 0% or 2,958 shares. 569,885 were reported by Guggenheim Capital Ltd Liability Corp.

Since June 19, 2017, it had 0 buys, and 2 insider sales for $3.24 million activity. NARWOLD KAREN G also sold $2.16 million worth of Albemarle Corporation (NYSE:ALB) shares.

The stock of Albemarle Corporation (NYSE:ALB) hit a new 52-week high and has $132.38 target or 4.00 % above today’s $127.29 share price. The 5 months bullish chart indicates low risk for the $14.06B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $132.38 price target is reached, the company will be worth $562.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.00% or $1.26 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 expect Albemarle Corporation (NYSE:ALB) to report $1.07 EPS on November, 6.They anticipate $0.16 EPS change or 17.58 % from last quarter’s $0.91 EPS. ALB’s profit would be $118.19 million giving it 29.74 P/E if the $1.07 EPS is correct. After having $1.13 EPS previously, Albemarle Corporation’s analysts see -5.31 % 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 has $144.0 highest and $52 lowest target. $97.50’s average target is -23.40% below currents $127.29 stock price. Albemarle Corporation had 43 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, August 5. The firm has “Neutral” rating given on Wednesday, November 11 by UBS. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Jefferies on Monday, July 17. The rating was maintained by Jefferies with “Buy” on Wednesday, April 5. The firm earned “Outperform” rating on Wednesday, March 1 by RBC Capital Markets. The stock of Albemarle Corporation (NYSE:ALB) has “Hold” rating given on Wednesday, August 9 by SunTrust. The rating was maintained by RBC Capital Markets on Thursday, July 13 with “Buy”. On Friday, August 7 the stock rating was upgraded by Suntrust Robinson to “Buy”. The firm has “Buy” rating given on Monday, April 18 by Citigroup. The company was maintained on Thursday, August 20 by Deutsche Bank.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Nasdaq.com which released: “Albemarle Corporation (ALB) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Also Seekingalpha.com published the news titled: “The Best Way To Profit From Electric Cars” on September 14, 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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