Albemarle Corporation (NYSE:ALB) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Albemarle Corporation (NYSE:ALB) to Hold in a statement released on 11/29/2016.
On Monday November 28, 2016, Zacks Investment Research released a statement about Albemarle Corporation (NYSE:ALB) upped the target price from $0.00 to $94.00 that suggested an upside of 0.12%.
Having a price of $83.96, Albemarle Corporation (NYSE:ALB) traded 2.37% higher on the day. With the last stock price up 5.30% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ALB has recorded a 50-day average of $82.33 and a two hundred day average of $81.62. Trade Volume was up over the average, with 1,158,604 shares of ALB changing hands over the typical 1,019,470
Recent Performance Chart
Albemarle Corporation has PE ratio of 45.00 with a one year low of $45.78 and a one year high of $87.29 and has a market capitalization of $0.
A total of 15 brokerages have issued a ratings update on Albemarle Corporation. Three brokerages rating the company a strong buy, six brokerages rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $69.00.
General Company Details For Albemarle Corporation (NYSE:ALB)
Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, heating, ventilation, and aluminum finishing. The Company operates through three segments: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment. Its Performance Chemicals segment consists of three product categories: Lithium, Performance Catalyst Solutions and Bromine. Its Refining Solutions Segment offers two product lines, including Clean Fuels Technologies, which is composed of hydroprocessing catalysts, and Heavy Oil Upgrading, which is composed of fluidized catalytic cracking (FCC) catalysts and additives. Its Chemetall Surface Treatment segment operates under the Chemetall brand name and is a supplier of applied surface treatments and services for metal, plastic and glass substrates.
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