Are Analysts Bullish Albemarle Corporation (NYSE:ALB) After Last Week?

October 13, 2018 - By Nellie Frank

Albemarle Corporation (NYSE:ALB) LogoInvestors sentiment increased to 1.22 in Q2 2018. Its up 0.23, from 0.99 in 2018Q1. It improved, as 41 investors sold Albemarle Corporation shares while 139 reduced holdings. 60 funds opened positions while 160 raised stakes. 96.11 million shares or 3.03% more from 93.28 million shares in 2018Q1 were reported.
Meridian Mngmt invested in 15,538 shares or 0.68% of the stock. Masters Limited Liability owns 200,000 shares. American International Group has invested 0.01% in Albemarle Corporation (NYSE:ALB). The Manitoba – Canada-based Great West Life Assurance Can has invested 0.02% in Albemarle Corporation (NYSE:ALB). Spf Beheer Bv has 757,757 shares. Alps Advsr holds 0% or 1,994 shares in its portfolio. Waratah Capital Advisors Ltd invested 0.06% of its portfolio in Albemarle Corporation (NYSE:ALB). Grantham Mayo Van Otterloo And Co Limited Liability Co holds 134,400 shares. Aqr Management Ltd holds 0% or 4,677 shares in its portfolio. Ws Lllp reported 146,000 shares or 0.39% of all its holdings. Bokf Na has invested 0.04% in Albemarle Corporation (NYSE:ALB). Ferguson Wellman Incorporated accumulated 0.01% or 3,500 shares. Tower Rech Cap Limited Liability Com (Trc) has 0.03% invested in Albemarle Corporation (NYSE:ALB) for 5,096 shares. Bluestein R H & Company reported 0.01% in Albemarle Corporation (NYSE:ALB). Federated Investors Incorporated Pa stated it has 644,563 shares or 0.18% of all its holdings.

Since September 4, 2018, it had 0 insider purchases, and 1 insider sale for $301,041 activity.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 5 analysts covering Albemarle Corp (NYSE:ALB), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Albemarle Corp had 5 analyst reports since April 17, 2018 according to SRatingsIntel. SunTrust upgraded it to “Buy” rating and $115 target in Tuesday, September 4 report. The firm earned “Buy” rating on Tuesday, April 17 by RBC Capital Markets. The rating was upgraded by Goldman Sachs on Tuesday, July 3 to “Buy”. As per Tuesday, April 17, the company rating was maintained by Robert W. Baird. Below is a list of Albemarle Corporation (NYSE:ALB) latest ratings and price target changes.

25/09/2018 Broker: Vertical Research Rating: Sell New Target: $85 Initiates Coverage On
04/09/2018 Broker: SunTrust Old Rating: Hold New Rating: Buy Old Target: $110 New Target: $115 Upgrade
03/07/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
17/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $125.0000 Maintain
17/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $113.0000 Maintain

The stock increased 0.77% or $0.73 during the last trading session, reaching $95.09. About 1.05 million shares traded. Albemarle Corporation (NYSE:ALB) has declined 20.20% since October 13, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company has market cap of $10.31 billion. The firm offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents for applications in lithium batteries, high performance greases, thermoplastic elastomers for car tires, rubber soles and plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications. It has a 31.74 P/E ratio. It also makes cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for various pyrotechnical applications, including airbag igniters; and performance catalyst solutions, such as polymer catalysts, curatives, organometallics, and electronic materials for polyolefin polymers, packaging, non-packaging, films, injection molding, alpha-olefins, electronic materials, solar cells, polyurethanes, epoxies, and other engineered resins markets.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Chile considers arbitration with lithium producer Albemarle” on October 04, 2018. Also Fool.com published the news titled: “SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Results in Q2?” on September 20, 2018. Seekingalpha.com‘s news article titled: “China’s Tianqi can buy 25% stake in SQM, Chilean antitrust court rules” with publication date: October 04, 2018 was also an interesting one.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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