Zacks Investment Research issued a report on Albemarle Corporation (NYSE:ALB), raising its target price to $94.00 today
- Updated: November 28, 2016
Albemarle Corporation (NYSE:ALB) had its target bumped up to $94.00 by Zacks Investment Research in an issued report announced 11/28/2016. The bumped up price target implies a potential upside of 0.12% from the company's most recent stock price close.
Boasting a price of $84.00, Albemarle Corporation (NYSE:ALB) traded -0.05% lower on the day. The last stock close price is up 2.86% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. ALB has recorded a 50-day moving average of $82.33 and a 200-day moving average of $81.62. Volume of trade was down over the average, with 547,622 shares of ALB changing hands under the typical 1,019,500
Albemarle Corporation has a 52 week low of $45.78 and a 52 week high of $87.29 with a PE ratio of 43.96 Albemarle Corporation’s market capitalization is currently $0.
Also covering Albemarle Corporation's price target, a total of 15 firms have reported on the stock. The consensus target price is $69.00 with 3 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 8 brokers rating the stock a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
Brief Synopsis On 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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