ALB - Albemarle Corporation
| Previous Close | 72.76 |
| Open | 72.73 |
| Bid | 70.87 x 800 |
| Ask | 71.16 x 800 |
| Day's Range | 70.54 - 72.85 |
| 52 Week Range | 63.10 - 108.74 |
| Volume | 966,818 |
| Avg. Volume | 1,503,607 |
| Market Cap | 7.51B |
| Beta (3Y Monthly) | 1.09 |
| PE Ratio (TTM) | 11.01 |
| EPS (TTM) | 6.44 |
| Earnings Date | Aug 5, 2019 - Aug 9, 2019 |
| Forward Dividend & Yield | 1.47 (2.32%) |
| Ex-Dividend Date | 2019-06-13 |
| 1y Target Est | 98.02 |
- Insider Monkey•2 days ago
Is Albemarle Corporation (ALB) A Good Stock To Buy?
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Albemarle Corporation (NYSE:ALB). Albemarle Corporation (NYSE:ALB) investors should pay attention […]
- Zacks•4 days ago
Albemarle (ALB) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Albemarle (ALB) have what it takes? Let's find out.
- Reuters•5 days ago
Albemarle details efforts to boost its Chilean lithium output by 30 percent
Albemarle Corp on Tuesday detailed a process it believes will increase its Chilean lithium output by nearly a third and said it is working to reduce the affect of precipitation on its evaporation ponds. Both steps should, if successful, help the world's largest lithium producer solidify its operations in Chile's Atacama desert, which contains massive reserves of the white metal used to make electric vehicle batteries. A month ago, U.S.-based Albemarle announced it had developed a process to boost Chilean lithium output by 30% without extracting more brine from the Atacama, the world's driest desert.
- Reuters•5 days ago
UPDATE 3-Albemarle declines to participate in LME lithium contract
Albemarle Corp, the world's largest lithium producer, said on Tuesday it will not participate in the London Metal Exchange's plan to launch a new contract for the white metal, depriving it of a key source of pricing data. "An exchange contract tends to support a commodity market, and that's not what we believe this (lithium market) is," David Ryan, Albemarle's head of corporate strategy and investor relations, told the Fastmarkets Lithium Supply and Markets Conference in Santiago. The LME, owned by Hong Kong Exchanges and Clearing Ltd , on Monday chose Fastmarkets to provide a reference price for the contract.
- Reuters•7 days ago
How much does lithium cost? The industry can't seem to agree
Opaque pricing for lithium, the powerhouse metal fueling the electric vehicle revolution, is expected to be top of mind this week as the industry's leaders gather in Santiago, with calls rising for more transparency to attract much-needed expansion funding. The London Metal Exchange is working to develop a tradable price for the white metal, but until then, the industry's investors, customers, analysts and executives are left without a full sense of the global market. "The fact that there isn't a benchmark price means that some of the banks haven't been keen to get involved because they can't hedge their price risk," said William Adams, an analyst at Fastmarkets, which is hosting the Santiago conference and vying to be a pricing provider for the LME contract.
- Motley Fool•8 days ago
2 Stocks to Help You Build Retirement Wealth
Off 40% and 50% from their highs, these two stocks have already seen a bear market, and now could be a good time to jump aboard.
GuruFocus.com•9 days agoPrimecap Management Buys More Albemarle Corp
Quiet but outperforming firm increases interest in electric vehicle battery-connected company as price falls
- Simply Wall St.•9 days ago
How Much Are Albemarle Corporation (NYSE:ALB) Insiders Taking Off The Table?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- Zacks•9 days ago
Albemarle (ALB) Down 5.7% Since Last Earnings Report: Can It Rebound?
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GlobeNewswire•12 days ago
Sparkhound Helps Albemarle® With Complete Digital Transformation To Cloud-Based Communications
BATON ROUGE, La., June 04, 2019 -- Sparkhound, a leading digital solutions firm providing trusted implementation of cloud services, custom applications, advanced analytics, and.
Bloomberg•13 days agoThese Mining Superpowers Supply the World's Lithium. Now They Want to Make Batteries, Too
Australia and Chile are looking to lithium to help them escape a cycle that for decades has had the two nations digging out minerals such as iron ore and copper, only to see them refined and turned into valuable products abroad. Almost three-quarters of the world’s lithium raw materials come from mines in Australia or briny lakes in Chile, giving them leverage with customers scrambling to tie-up supplies.
- Barrons.com•15 days ago
China Holds Rare Earths Hostage, but Don’t Panic
In 2010 China nearly doubled the price of the 17 obscure, if vital, elements, to nary a ripple. This time around, companies will probably adjust as well.
- Reuters•17 days ago
Chile, once the world's lithium leader, loses ground to rivals
As automakers race to a clean-energy future, Chile looked to be in the catbird seat. Chile's lithium is high quality and cheap to produce. Chile's two lone producers, SQM and Albemarle Corp, have struggled to boost production to capitalize on strong global demand, which is widely expected to triple by 2025.
- Zacks•20 days ago
Why Albemarle (ALB) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Albemarle (ALB) have what it takes? Let's find out.
- Thomson Reuters StreetEvents•26 days ago
Edited Transcript of ALB earnings conference call or presentation 9-May-19 1:00pm GMT
Q1 2019 Albemarle Corp Earnings Call
- Simply Wall St.•27 days ago
Read This Before You Buy Albemarle Corporation (NYSE:ALB) Because Of Its P/E Ratio
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
- Motley Fool•29 days ago
Tesla's Lithium Warning Supports Albemarle's Growth Plans
Albemarle is swiftly expanding its lithium business. Electric-car maverick Tesla's commodity outlook suggests that's the right plan.
- InvestorPlace•last month
5 Top Chemical Stocks to Buy
In a market near all-time highs, chemical stocks look like a potential source of value. Shares of top chemical companies still look reasonably cheap, with many priced at a mid-teen -- or lower -- multiples to earnings and free cash flow.That said, there are some reasons why the sector appears cheap. Chemical stocks are notoriously cyclical, even those of the top chemical companies. That goes double for specialty manufacturers with narrow portfolios and/or those exposed to input costs of volatile commodities (among them oil). Earnings in the industry often don't grow in a straight line. Rather, some sort of choppiness is the norm, which dissuades some investors from entering the space at all. * 6 Chinese Stocks That Could Pop On a Trade Deal But there are some attractive stocks to buy in the space. The U.S. economy is strong, with no sign of imminent slowdown.Commodity costs are reasonably stable. And -- again -- valuations are cheap. Here are five chemical stocks to buy that look particularly intriguing, though not always for the same reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chemical Stocks to Buy: DowDuPont (DWDP)Source: Shutterstock DowDuPont (NYSE:DWDP) is one of the top chemical companies in the world. In fact, it's the global leader in sales. And yet DWDP stock doesn't appear to be getting much respect at the moment.DWDP trades at just 14.5x forward earnings, and there is value to be unlocked from the merger between Dow Chemical and DuPont. DWDP is spinning off three companies, leaving a specialty products business to be renamed DuPont.It's possible, if not likely, that the uncertainty around those decisions is holding down the DWDP share price. But the smart money seems to see quite a bit of value in the stock. The average Wall Street target price of $44 suggests about 43% upside, and 46%, including a 3%+ dividend yield, making it a good stock to buy. Chemical Stocks to Buy: Albemarle (ALB)Source: fdecomite via Flickr (Modified)The case for Albemarle (NYSE:ALB) is pretty simple. The world's biggest lithium producer presents a derivative play on the growth of electric vehicles like those produced by Tesla (NASDAQ:TSLA), as Larry Ramer argued earlier this year. Lithium is a key input for EV batteries, and Albemarle should benefit from increasing demand going forward.That case actually has been a negative so far in the past year. ALB stock is down by a third over the last 52 weeks. Analysts have expressed some concerns about potential oversupply, and rival Sociedad Quimica y Minera de Chile (NYSE:SQM) has said it will take Albemarle's No. 1 market share position within four years.Still, the selloff appears overdone. Like DWDP, analysts see big upside at ALB, with the consensus target implying nearly 50% gains. ALB's lithium business is growing in the near term, and it should have years of similar growth ahead, even if SQM does take share. * 6 Chinese Stocks That Could Pop On a Trade Deal Also consider that a forward price-to-earnings ratio of ten suggests its valuation is reasonable at worst, and so does an aggressive $500 million share repurchase program implemented last year. With TSLA stock struggling, Albemarle looks like a more reasonable, and potentially more attractive, play on the growth of electric vehicles, making it an attractive stock to buy. Chemical Stocks to Buy: W.R. Grace (GRA)Source: Shutterstock W.R. Grace (NYSE:GRA) has basically stalled out for the past few years. The company's spin-off and combination with Sealed Air (NYSE:SEE) hasn't helped the stock. Nor has solid growth, and a steady drumbeat of strong earnings reports (Grace has beat consensus on the top- and bottom-lines for seven straight quarters).At this point, though, that's not necessarily a bad thing. GRA always looked like one of the top chemical companies, but with a stock that traded at a questionable price … that's no longer the case. The forward P/E multiple has dropped below 15x, mostly in line with the sector.The company's exposure to gasoline, through its FCC (fluid catalytic cracking) business, does raise a risk, particularly for investors betting on exponential growth in electric vehicles. But GRA is well-managed, cheap and as I wrote in July 2018, an oft-cited takeover target. The past few years have been disappointing for GRA shareholders, but the next few might be much better. Chemical Stocks to Buy: H.B. Fuller (FUL)Source: Shutterstock H.B. Fuller (NYSE:FUL) already has had a nice run. Shares have risen about 30% from 2015 lows. But there's reason to see more upside ahead.Fuller is one of the leaders in the global adhesives market, competing with 3M and Germany's Henkel (OTCMKTS:HENKY), along with a myriad of smaller producers. Its 2017 acquisition of Royal Adhesives added to its scale and market share, while also boosting profits by nearly 50%.Management has set aggressive growth targets for 2020, backed by acquisition synergies, cost-cutting and a shift-toward higher-growth, value-added products. If Fuller can get to those targets -- or close -- there's easily double-digit annual returns on the way. * 6 Chinese Stocks That Could Pop On a Trade Deal Longer-term, the adhesives business is an attractive one. It's less cyclical than many other chemical end markets, and one where Fuller can continue to build and acquire market share to drive growth. At ~11x EBITDA and ~17x earnings, not all of Fuller's potential looks priced in. Chemical Stocks to Buy: Tronox (TROX)Source: Shutterstock Tronox (NYSE:TROX) is a stock only for investors with high tolerance for risk, as proven by the stock's multi-year chart. TROX traded above $35 in 2012; it was below $5 at the beginning of 2016. From there, the stock ran to $27, and now it trades below $11.A key reason is the company's reliance on titanium dioxide (TiO2) pigment, used in paints, plastics and other applications. TiO2 prices are notoriously volatile, which leads to swings in TROX earnings. Add on a reasonable amount of debt, steady M&A activity (including the sale of a business last year and the pending acquisition of another at the moment) and mining activity, and the volatility in TROX stock makes some sense.But it may also provide an opportunity. TROX trades at just five times next year's earnings-per-share estimates (though investors can't count 100% on the accuracy of any projections in such a fluid market).Again, this is not a stock for the faint of heart. It's a high-risk, high-reward play. But at a cheaper price, and with more certainty coming at some point in the next twelve months, there is a path for TROX stock to rebound nicely.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Top Chemical Stocks to Buy appeared first on InvestorPlace.
- Investopedia•last month
Why Lithium Stocks Are Plunging Amid Electric Car Boom
Demand for lithium from automakers to smartphone producers is rising, but lithium stocks are plunging.
- Reuters•last month
U.S. Senate moves forward on plan to develop electric vehicle supply chain
The Senate's Energy and Natural Resources Committee held a hearing on the American Mineral Security Act, which would help streamline regulation and permitting requirements for the development of mines for lithium, graphite and other EV minerals. The pending legislation would require a tally of metal reserves in the United States and seek to streamline permitting for the EV sector, an area where China already leads by a wide margin. The bipartisan legislation, which seeks in part to codify a late 2017 executive order on U.S. mineral development by President Donald Trump, was sponsored by U.S. senators Lisa Murkowski, Joe Manchin and others.
- Motley Fool•last month
Wall Street Rains on Albemarle's Solid Q1 Performance
The lithium segment struggled to overcome weather events in Chile, but the company's more mature businesses helped to partially offset the headwind.
- Motley Fool•last month
3 Stocks to Hold for the Next 20 Years
This midstream giant, lithium producer, and apparel maker have long-term staying power.
- Reuters•last month
Livent executives to exit after lithium forecast slashed
Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left. Livent has focused its business on one specific type of the white metal, hydroxide, which has seen weak demand in recent months due in part to uncertainty around China's electric vehicle subsidies.
