Albemarle Corporation (ALB) Analysts See $1.20 EPS

April 22, 2018 - By Migdalia James

Albemarle Corporation (NYSE:ALB) LogoInvestors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It fall, as 42 investors sold Albemarle Corporation shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported.
Next Century Growth Invsts Limited Liability owns 0.14% invested in Albemarle Corporation (NYSE:ALB) for 8,520 shares. Regions Financial Corporation reported 655 shares. Farmers Merchants Invs owns 194 shares or 0% of their US portfolio. Citigroup Inc, a New York-based fund reported 35,603 shares. 357 are held by Guardian Life Ins Com Of America. Prudential Fincl reported 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB). Janney Mgmt Ltd Limited Liability Company reported 2,500 shares or 0.01% of all its holdings. Bbr Prtn Ltd Liability Corp has 0.15% invested in Albemarle Corporation (NYSE:ALB). Frontier Cap Ltd Llc has invested 0.2% in Albemarle Corporation (NYSE:ALB). 8.06M were reported by Blackrock Inc. Suntrust Banks has invested 0.01% in Albemarle Corporation (NYSE:ALB). Lazard Asset Ltd Com stated it has 3,319 shares. New Jersey Better Educational Savings reported 3,000 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt, a Pennsylvania-based fund reported 9,884 shares. Stratos Wealth Prtnrs Ltd owns 2,150 shares for 0.01% of their portfolio.

Analysts expect Albemarle Corporation (NYSE:ALB) to report $1.20 EPS on May, 9 after the close.They anticipate $0.15 EPS change or 14.29 % from last quarter’s $1.05 EPS. ALB’s profit would be $132.88M giving it 20.36 P/E if the $1.20 EPS is correct. After having $1.34 EPS previously, Albemarle Corporation’s analysts see -10.45 % EPS growth. The stock decreased 0.85% or $0.84 during the last trading session, reaching $97.75. About 912,310 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 22, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 15 analysts covering Albemarle Corp (NYSE:ALB), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Albemarle Corp had 27 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Nomura with “Buy” on Thursday, March 1. Robert W. Baird maintained it with “Buy” rating and $12500 target in Tuesday, April 17 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, April 12. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 9. The firm has “Buy” rating given on Thursday, November 9 by Oppenheimer. The firm has “Buy” rating given on Thursday, March 1 by RBC Capital Markets. Seaport Global maintained the shares of ALB in report on Monday, February 5 with “Hold” rating. The stock has “Neutral” rating by UBS on Thursday, November 9. Seaport Global upgraded the shares of ALB in report on Tuesday, March 6 to “Buy” rating. The stock of Albemarle Corporation (NYSE:ALB) earned “Hold” rating by Robert W. Baird on Wednesday, November 1.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company has market cap of $10.82 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 199.49 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.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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