Albemarle (ALB) Receiving Somewhat Positive Media Coverage, Report Finds

Media stories about Albemarle (NYSE:ALB) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Albemarle earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 45.7929955320012 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Albemarle (NYSE ALB) traded up $1.73 during trading hours on Thursday, hitting $134.69. 827,500 shares of the stock traded hands, compared to its average volume of 1,081,404. Albemarle has a 12 month low of $90.35 and a 12 month high of $144.99. 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 firm has a market cap of $14,880.00, a PE ratio of 48.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, December 14th. Albemarle’s dividend payout ratio is currently 45.71%.

Several brokerages recently issued reports on ALB. Loop Capital began coverage on shares of Albemarle in a report on Thursday, September 28th. They set a “buy” rating and a $150.00 price target for the company. UBS Group boosted their target price on shares of Albemarle from $123.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $149.00 target price on shares of Albemarle in a research note on Wednesday, October 18th. KeyCorp boosted their target price on shares of Albemarle from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Jefferies Group boosted their target price on shares of Albemarle from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $128.38.

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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.

Insider Buying and Selling by Quarter for Albemarle (NYSE:ALB)

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