Lubrizol Corporation is an American specialty chemical company based in Wickliffe, Ohio, USA. It is a leading supplier of lubricants and additives, industrial and automotive chemicals, and other specialty products. In recent years, Lubrizol has become a formidable player in the global specialty chemical market, with a presence in over 80 countries. In this review, we will take a look at the company's stock price history over the past decade.
Lubrizol Stock Price History: 2010-2020
Lubrizol's stock price saw a significant increase from 2010 to 2015. In 2010, the stock was trading at around $50 per share. By 2015, it had reached a peak of $113. During this period, the company's earnings per share (EPS) increased from $2.66 to $7.52, while its price-to-earnings (P/E) ratio rose from 19.3 to 15.0. This shows that the market was optimistic about the company's prospects.
However, the stock price began to decline in 2016 and the company's EPS followed suit. The stock dropped to $82 in 2016, and the EPS decreased to $6.55. The P/E ratio also dropped to 11.7. Between 2016 and 2019, Lubrizol's stock price fluctuated between $82 and $100. During this period, the company's EPS remained relatively steady at around $6.50.
Lubrizol Stock Price History: 2020 to Present
In 2020, Lubrizol's stock price saw a major spike, reaching a peak of $152. This was largely due to the company's strong financial performance in the first quarter of the year, with its EPS rising to $8.19. The P/E ratio also increased to 20.4, indicating that the market was bullish on the stock. However, the stock price has since dropped to $128, as the company has faced some challenges in the second quarter.
As of 2021, Lubrizol's stock price is back on an upward trend, with the stock trading at around $141. The company's EPS is also on the rise, increasing to $8.89 in the first quarter of the year. The P/E ratio is currently at 16.1, indicating that investors are still optimistic about the company's prospects.
Conclusion:
Lubrizol's stock price has had a volatile history over the past decade. The stock saw a major increase from 2010 to 2015, followed by a gradual decline from 2016 to 2020. However, the stock has seen a resurgence in 2021, with the company's strong financial performance in the first quarter of the year. As of 2021, the stock is trading at around $141, with the company's EPS increasing to $8.89.
Overall, the stock price history of Lubrizol over the past decade is a testament to the company's resilience and strength. Despite some setbacks in 2020, the stock is back on an upward trend, indicating that the company is well positioned to continue its growth in the future.