New York, July 20 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Albemarle Corporation (NYSE: ALB). The 12-month target price is set to $70.
In a research note published on July 19, the analysts mention that estimated EPS of the company has been lowered from $4.902592 to $4.802873. Moreover, in order to drive EPS growth of 11 percent, for Catalysts in the year 2013, earnings year has been stepped- out.
Additionally, due to the latest declinations in an important electronic connector confidence indicator, shares of the Albemarle skidded by 3 percent after the release of its Q2 results in the midst of a muted outlook of 2H12 being anticipations for a recovery in electronics appearing to be quite improbable.
Therefore, as compared to that of the 1H, Polymers Solutions earnings of 2H are expected to be marginally flat to down. In addition to this, as volumes of HPC get ameliorated from a weak Q2 with a ‘step-out’ year in 2013 from a multitude of drivers, earnings of the Catalysts are just poised to rebound though 2H.
Furthermore, at 10.4x ‘13E EPS, valuation of the company appear to be attractive being all set to return to double-digit EPS growth in the year 2013 that would be driven by Catalysts and Fine Chemistry, the analysts add further.
Furthermore, if to believe...Spice Mi-500 Stellar Horizon: Enhancing Prospect of using Technology - May 22, 2013
New York, May 21 (FinanceEnquiry.com) – In accordance with official Government statistics, home costs soared 0.4pc in March. Detailing it, as mentioned by the Office of National Statistics (ONS), increasing from...ZTE Grand X2 In: Name Defines Splendor - May 21, 2013
New York, May 21 (FinanceEnquiry.com) – Proclamation regarding the release of ZTE Grand X2 In has recently been made in May only and the gadget is supposed to hit the industry in third quarter of the...Asian Shares Soar; the Yen Inches Higher - May 20, 2013
New York, May 20 (FinanceEnquiry.com) – At the same time as Asian shares soared in response to US equities rallying on positive economic statistics, the yen inched up on the very first day of the week as soon as...Applications for Jobless Benefits Soared 32,000 Earlier Week - May 17, 2013
New York, May 17 (FinanceEnquiry.com) – The number of Americans looking for jobless benefits soared by 32,000 previous week to a cyclically adjusted 360,000, being the maximum since late March. The jump...WTI Crude Falls since Fuel Requirement Slumps with Economic Fragility - May 16, 2013
In...Deutsche Bank Securities Reiterates HOLD Rating on The Valspar Corporation (NYSE: VAL), Target Price Raised - May 16, 2013
New York, May 16 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of The Valspar Corporation (NYSE: VAL). The 12-month target price has been raised from $68...Tokyo Stocks Surge & Yen Hovers; the Dollar Flexible - May 15, 2013
New York, May 15 (FinanceEnquiry.com) – With Australian equities dented by fragility in mining firms, Asian share markets were blended today, at the same time as Tokyo stocks surged to a five and a...