Zacks Investment Research upgraded Albemarle Corporation (NYSE:ALB) to Hold in a statement released earlier today.
- Updated: October 10, 2016
Zacks Investment Research has upgraded Albemarle Corporation (NYSE:ALB) to Hold in a statement released on 10/10/2016.
On 8/5/2016, Deutsche Bank released a statement for Albemarle Corporation (NYSE:ALB) bumped up the target price from $94.00 to $95.00 that suggested an upside of 0.15%.
Boasting a price of $83.48, Albemarle Corporation (NYSE:ALB) traded 1.35% higher on the day. With the last stock price close up 7.44% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Albemarle Corporation has recorded a 50-day average of $81.26 and a two hundred day average of $77.70. Volume of trade was down over the average, with 623,019 shares of ALB changing hands under the typical 1,232,130
With a total market value of $0, Albemarle Corporation has PE ratio of 61.47 with a 52 week low of $45.78 and a 52 week high of $87.29 .
In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $69.00 with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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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