The Lubrizol Corporation (LZ) has seen its stock hitting 52-week highs in recent sessions, but it's still an attractive value stock as earnings have been rising. LZ has a forward P/E of just 11.33.

Company Description

Lubrizol manufactures specialty chemcials including lubricant additives for engine oils and fuel additives for gaoline and diesel fuel. It also makes ingredients and additives for personal care products and pharmaceuticals, plastics technology and performance coatings.

Raised 2009 Guidance on Sep 14

Lubrizol raised full-year guidance well-ahead of its Oct 29 third-quarter earnings report to the range of $6.10 to $6.40 from a prior range of $5.70 to $6.00 per share it issued on July 30.

Analysts are bullish and have been raising estimates as the earnings date approaches.

All 7 covering analysts raised 2009 estimates to $6.35 from $5.96 in the last 30 days. For the third quarter, the Zacks Consensus

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