Somewhat Positive Media Coverage Somewhat Unlikely to Impact Albemarle (ALB) Stock Price
Headlines about Albemarle (NYSE:ALB) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Albemarle earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.3866139849136 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Albemarle supervisors hears $428.5M budget request (dailyprogress.com)
- ‘Black Panther’ Inspires Community Leaders to Encourage Diversity in Charlottesville – NBC 29 News (nbc29.com)
- UVA and Albemarle County Students Cultivate Garden for Public Housing Complex – NBC 29 News (nbc29.com)
- Albemarle executive proposes $428 million budget for FY2019 (cvilletomorrow.org)
- Albemarle Supervisors to hear $428.5M budget request (dailyprogress.com)
Several analysts recently issued reports on the stock. Deutsche Bank lowered shares of Albemarle from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. 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 research report on Tuesday, November 14th. Robert W. Baird restated a “hold” rating and set a $135.00 target price on shares of Albemarle in a research report on Wednesday, November 1st. Royal Bank of Canada boosted their target price on shares of Albemarle from $149.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Nomura boosted their target price on shares of Albemarle to $159.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $127.88.
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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.
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