Albemarle Corporation (ALB) : 12 analysts are covering Albemarle Corporation (ALB) and their average rating on the stock is 2.17, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Albemarle Corporation (ALB) : 11 Wall Street analysts covering Albemarle Corporation (ALB) believe that the average level the stock could reach for the short term is $75.64. The maximum price target given is $99 and the minimum target for short term is around $50, hence the standard deviation is calculated at $16.54.
For the current week, the company shares have a recommendation consensus of Buy.
Albemarle Corporation (NYSE:ALB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.38 and $84.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.22, notching a gain of 1.90% for the day. The total traded volume was 1,299,116 . The stock had closed at $83.63 on the previous day.
Albemarle Corporation (Albemarle) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions. As of December 31, 2014, the Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. As of December 31, 2014, the Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories.