Albemarle Corporation (ALB) Getting Somewhat Positive Press Coverage, Study Shows
Headlines about Albemarle Corporation (NYSE:ALB) have been trending somewhat positive on Tuesday, according to Alpha One Sentiment. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Albemarle Corporation earned a news impact score of 0.01 on Alpha One’s scale. Alpha One also gave news articles about the specialty chemicals company an impact score of 8 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected AlphaOne’s rankings:
- Share Performance in View for Albemarle Corporation (NYSE:ALB) – Jonesboro Recorder (jonesbororecorder.com)
- How Analysts Feel About Albemarle Corporation (NYSE:ALB)? – WeeklyHub (weeklyhub.com)
- The Teacher Retirement System of Texas Lowers Position in Albemarle Corporation (ALB) (upbeacon.net)
- Albemarle Corporation (ALB): Are There Still Some Reasons For Optimism? (badhub.net)
- Fine Chemicals Market: United States Product Intelligence Market Analysis 2022 and Forecast to 2022 (mynewsdesk.com)
Several analysts recently issued reports on ALB shares. Zacks Investment Research raised shares of Albemarle Corporation from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Monday, March 27th. Robert W. Baird reissued an “outperform” rating and issued a $125.00 price target on shares of Albemarle Corporation in a research report on Sunday, April 9th. Morgan Stanley reduced their price target on shares of Albemarle Corporation from $100.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, May 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $132.00 price target on shares of Albemarle Corporation in a research report on Tuesday, April 18th. Finally, Nomura reissued a “buy” rating and issued a $124.00 price target on shares of Albemarle Corporation in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Albemarle Corporation presently has an average rating of “Buy” and a consensus price target of $114.08.
Shares of Albemarle Corporation (NYSE:ALB) opened at 108.19 on Tuesday. The stock’s 50 day moving average price is $111.08 and its 200-day moving average price is $100.79. Albemarle Corporation has a 1-year low of $74.86 and a 1-year high of $116.64. The company has a market capitalization of $11.98 billion, a PE ratio of 26.29 and a beta of 1.52.
Albemarle Corporation (NYSE:ALB) last announced its quarterly earnings results on Wednesday, May 3rd. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $722.06 million for the quarter, compared to the consensus estimate of $678.74 million. Albemarle Corporation had a return on equity of 11.97% and a net margin of 17.02%. On average, equities analysts predict that Albemarle Corporation will post $4.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, June 13th. Albemarle Corporation’s payout ratio is currently 31.22%.
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About Albemarle Corporation
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.
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