Albemarle (NYSE:ALB) Price Target Cut to $125.00 by Analysts at Argus

Marco Green
April 8, 2018

They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. Now the institutional investor is holding 1.51M shares, compared to the 252,034 from the previous quarter. The company has market cap of $12.61 billion. The stock traded on impressive volume of 2.88 Million comparing to the average volume of 2542.02 shares, completing picture of exact trends with uncompleted dots in volume over the norm. In a transaction dated Jul. 07, 2017, the shares were put up for sale at an average price of $110.13, raking in a sum of $2,753,250. (NYSE:RJF) has risen 18.83% since April 6, 2017 and is uptrending.

Bbr Partners Llc decreased its stake in Albemarle Corp (ALB) by 40.37% based on its latest 2017Q4 regulatory filing with the SEC. Shares of the company have performed -27.33% over the last quarter and moved -9.22% over the last twelve months.

Emerson Electric Co. (NYSE:EMR) closed at $68.41 a share in the latest session and the stock value rose nearly -1.84% since the beginning of this year. The stock increased 4.55% or $4.17 during the last trading session, reaching $95.77.

Albemarle (NYSE:ALB) last issued its earnings results on Tuesday, February 27th. It has underperformed by 22.23% the S&P500.

Among 12 analysts covering Raymond James Financial Inc. Therefore 81% are positive. 26 are the (NYSE:ALB)'s ratings reports on 8 April 2018 according to StockzIntelligence Inc. Vetr downgraded Honeywell International Inc. The firm earned "Buy" rating on Monday, July 17 by Cowen & Co. The firm has "Overweight" rating given on Thursday, March 1 by KeyBanc Capital Markets. Bernstein maintained Walmart Inc. Telsey Advisory Group maintained Walmart Inc. The stock presently has a consensus rating of Buy and an average price target of $127.02. The stock of Cray Inc. The company rating was upgraded by Seaport Global on Tuesday, March 6. The firm earned "Buy" rating on Monday, October 16 by KeyBanc Capital Markets. Barclays Pcl stated it has 6,439 shares. On Thursday, March 1 the firm earned "Buy" rating by Nomura. Its stake in Tenaris S A (NYSE:TS) was decreased by 668,171 shares to 1,867 shares valued at $59,000 in 2017Q4, according to the filing. For a total of 1.33M shares it reduced its holding in Sociedad Quimica Minera De C (NYSE:SQM) by 944,995 shares in the quarter, and has cut its stake in Banco Macro Sa (NYSE:BMA). The insider PARDO JAIME CHICO /FA sold 2,868 shares worth $448,440.

During Q4 2017 the big money sentiment decreased to 1.01. Its down 0.03, from 1.14 in 2017Q3. 531.30 million shares or 5.59% less from 562.75 million shares in 2017Q3 were reported. (NASDAQ:CRAY). Metropolitan Life Commerce Ny invested 0% of its portfolio in Cray Inc. Monetary Mngmt Gp Inc invested 0.01% in Albemarle Corporation (NYSE:ALB). (NYSE:RJF) shares with value of $1.97M were sold by ZANK DENNIS W. Mcrae holds 0.16% or 2,458 shares. Hanseatic Management, New Mexico-based fund reported 10,291 shs. Winslow Evans & Crocker holds 7,004 shares or 0.29% of its portfolio. (NYSE:RJF). Junto Capital Mgmt LP holds 3.29% or 482,607 shares in its portfolio. The California-based Symphony Asset Ltd Liability Corp has invested 0.03% in Albemarle Corporation (NYSE:ALB). Pinnacle Assoc Limited reported 0.98% in Raymond James Financial, Inc. Argent Capital Mngmt Ltd Company reported 6,950 shares stake. Channing Mgmt Ltd Liability Co has 13,725 shs. Reilly Finance Advisors Ltd Llc accumulated 13,604 shares. New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.14% in Cray Inc. (NYSE:HON). 319,941 were reported by Bowen Hanes & Inc. The firm has "Hold" rating by Deutsche Bank given on Wednesday, October 7.

Albemarle Corporation (ALB) stock price jumped 4.55% with the closing value of $95.77 during Thursday trading session. The specialty chemicals company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.13. ALB's profit will be $131.77 million for 20.12 P/E if the $1.19 EPS becomes a reality. After $1.33 actual earnings per share reported by Walmart Inc. for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Investors sentiment increased to 1.21 in 2017 Q4. 42 investors sold all, 182 reduced holdings as ALB ratio dived. 82 funds opened positions while 144 raised stakes. Cadence Capital Limited Liability has 0.03% invested in Albemarle Corporation (NYSE:ALB). First Manhattan Company owns 498 shares for 0% of their portfolio. Bancorporation Of Montreal Can reported 0.01% stake. M&T Bancorp invested in 54,981 shares. Ls Investment Advsr Lc accumulated 1,101 shares or 0% of the stock.

Albemarle Corporation (ALB) stock has been separated -20.47% away from the 200-day MA. Stifel holds 36,300 shares.

Global X Management Co Llc manages about $3.30B and $4.38B US Long portfolio. Alpine Woods Cap Invsts Limited Company accumulated 38,875 shares. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Therefore 70% are positive. Albemarle Corporation had 74 analyst reports since August 7, 2015 according to SRatingsIntel.

Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock. The company was maintained on Tuesday, August 22 by Robert W. Baird. Deutsche Bank downgraded the stock to "Hold" rating in Tuesday, November 14 report. Cambrian Cap Partnership has invested 4.29% in Albemarle Corporation (NYSE:ALB). The rating was upgraded by Robert W. Baird on Tuesday, January 17 to "Outperform".

ALB stock opened at $91.80 on Friday. Oppenheimer initiated the shares of WMT in report on Tuesday, October 10 with "Buy" rating. Axa has invested 0% in Albemarle Corporation (NYSE:ALB). Bernstein has "Neutral" rating and $75 target.

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