Seaport Global Securities reaffirmed their hold rating on shares of Albemarle (NYSE:ALB) in a research note released on Monday morning. The firm currently has a $130.00 price target on the specialty chemicals company’s stock. Seaport Global Securities also issued estimates for Albemarle’s Q4 2017 earnings at $1.16 EPS, FY2017 earnings at $4.42 EPS, Q1 2018 earnings at $1.18 EPS, Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.34 EPS, Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $5.03 EPS and FY2019 earnings at $5.78 EPS.

Other equities analysts also recently issued reports about the company. Jefferies Group boosted their price objective on Albemarle from $156.00 to $162.00 and gave the stock a buy rating in a research report on Tuesday, November 14th. Royal Bank of Canada reissued a buy rating and set a $149.00 price objective on shares of Albemarle in a research report on Wednesday, October 18th. Zacks Investment Research raised Albemarle from a hold rating to a buy rating and set a $157.00 price objective for the company in a research report on Tuesday, October 17th. KeyCorp boosted their price objective on Albemarle from $125.00 to $150.00 and gave the stock a buy rating in a research report on Monday, October 16th. Finally, Instinet reissued a buy rating and set a $154.00 price objective (up from $146.00) on shares of Albemarle in a research report on Friday, October 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $127.88.

Shares of Albemarle (NYSE ALB) opened at $105.18 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.56 and a current ratio of 2.11. The stock has a market cap of $11,620.00, a PE ratio of 37.56, a price-to-earnings-growth ratio of 1.42 and a beta of 1.56. Albemarle has a one year low of $90.35 and a one year high of $144.99.

Albemarle (NYSE:ALB) last announced its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Albemarle had a return on equity of 11.61% and a net margin of 30.07%. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $732.19 million. During the same period in the previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. sell-side analysts anticipate that Albemarle will post 4.46 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. boosted its holdings in Albemarle by 650.0% in the third quarter. Thompson Davis & CO. Inc. now owns 750 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 650 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Albemarle in the fourth quarter valued at approximately $103,000. Highlander Capital Management LLC acquired a new stake in shares of Albemarle in the second quarter valued at approximately $106,000. Stephens Inc. AR acquired a new stake in shares of Albemarle in the fourth quarter valued at approximately $115,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Albemarle by 43.7% in the second quarter. Advisory Services Network LLC now owns 1,273 shares of the specialty chemicals company’s stock valued at $134,000 after acquiring an additional 387 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

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Albemarle Company Profile

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.

Analyst Recommendations for Albemarle (NYSE:ALB)

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