Albemarle (ALB) Getting Somewhat Favorable News Coverage, Report Finds
News articles about Albemarle (NYSE:ALB) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Albemarle earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 46.2193880042428 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Western Albemarle tiny house hosts Hollymead’s aspiring architects (cvilletomorrow.org)
- Barn destroyed by fire in Albemarle County (newsplex.com)
- Sunset Avenue in Albemarle County closed this weekend for roadwork (augustafreepress.com)
- Albemarle County Police Respond to Complaint of Child Neglect (nbc29.com)
- Montpelier hosting student symposium on monuments, memorials – Charlottesville Tomorrow (cvilletomorrow.org)
Albemarle (ALB) traded up $1.52 during trading on Friday, hitting $130.60. 1,553,111 shares of the stock were exchanged, compared to its average volume of 1,167,718. The stock has a market cap of $14,430.78, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.69. Albemarle has a twelve month low of $85.60 and a twelve month high of $144.99. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 14th. Albemarle’s dividend payout ratio (DPR) is 16.56%.
ALB has been the topic of a number of recent research reports. KeyCorp restated a “buy” rating and set a $125.00 price target on shares of Albemarle in a research report on Sunday, September 3rd. Oppenheimer initiated coverage on shares of Albemarle in a report on Wednesday, August 16th. They issued an “outperform” rating and a $133.00 target price on the stock. Robert W. Baird reiterated a “hold” rating and issued a $135.00 target price on shares of Albemarle in a report on Wednesday, November 1st. Instinet boosted their target price on shares of Albemarle from $134.00 to $146.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Jefferies Group boosted their target price on shares of Albemarle from $156.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Albemarle currently has an average rating of “Buy” and an average target price of $128.45.
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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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