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ALB

Albemarle

$67.14

1.03 (1.56%)

04:55
11/19/19
11/19
04:55
11/19/19
04:55

Albemarle management to meet with Buckingham

Meeting to be held in Baltimore, MD on November 19 hosted by Buckingham.

  • 19

    Nov

  • 12

    Dec

ALB Albemarle
$67.14

1.03 (1.56%)

11/14/19
GHSC
11/14/19
DOWNGRADE
GHSC
Neutral
Seaport Global downgrades Albemarle to Neutral amid 'challenging' lithium market
As previously reported, Seaport Global analyst Michael Harrison downgraded Albemarle, making him at least the fourth analyst in the last week to do so. Harrison, who cut his rating to Neutral from Buy, said "challenging" lithium market dynamics are now anticipated to continue though 2020. He previously thought long-term contracts would enable Albemarle to maintain pricing and hold margins relatively steady despite lithium challenges, but he said the company's new guidance suggests there is uncertainty around contracted pricing and margins. The Fly notes that in the last week Citi analyst P.J. Juvekar downgraded Albemarle to Sell from Neutral, RBC Capital analyst Arun Viswanathan downgraded Albemarle to Sector Perform from Outperform and JPMorgan analyst Jeffrey Zekauskas downgraded Albemarle to Underweight from Neutral.
11/14/19
11/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Hold at Maxim with analyst Nehal Chokshi saying his survey data lead him to project iPhone revenue in fiscal Q2 that is 14% below consensus iPhone revenue that is 6% below consensus for fiscal year 2020. He also expects operating profit to decline year-over-year due to his below consensus iPhone view. 2. Kraft Heinz (KHC) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying shares are up 15% since the company reported Q3 results on October 31. 3. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) downgraded to Hold from Buy at HSBC. 4. Myomo (MYO) downgraded to Neutral from Buy at Roth Capital with analyst Scott Henry saying he sees lowered future expectations for the company after its Q3 results missed expectations. 5. Albemarle (ALB) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison saying "challenging" lithium market dynamics are now anticipated to continue though 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/19
JEFF
11/15/19
NO CHANGE
Target $83
JEFF
Buy
Jefferies LBO model suggests Albemarle shares worth $89 in 12-18 months
Albemarle's current share price implies 13.3 times estimated 2020 lithium EBITDA, but only 8.7 times on 2021 estimates, Jefferies analyst Laurence Alexander tells investors in a research note. The analyst says his leveraged buyout model implies an $89 fair value for shares in 12-18 months. However, industry behavior and regulatory trends "suggest this could prove conservative," contends Alexander. The analyst keeps a Buy rating on Albemarle with an $83 price target.
11/15/19
JEFF
11/15/19
NO CHANGE
Target $83
JEFF
Buy
Jefferies LBO model suggests Albemarle shares worth $89 in 12-18 months
Albemarle's current share price implies 13.3 times estimated 2020 lithium EBITDA, but only 8.7 times on 2021 estimates, Jefferies analyst Laurence Alexander tells investors in a research note. The analyst says his leveraged buyout model implies an $89 fair value for shares in 12-18 months. However, industry behavior and regulatory trends "suggest this could prove conservative," contends Alexander. The analyst keeps a Buy rating on Albemarle with an $83 price target.

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