Albemarle Corporation (NYSE:ALB) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.17 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Albemarle Corporation (NYSE:ALB). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $89 per share from a prior target of $76. The rating by the firm was issued on May 12, 2016.
Albemarle Corporation (NYSE:ALB): The stock price is expected to reach $ 74.09 in the short term. The number of analysts agreeing with this consensus is 11. The higher estimate for the short term price target is at $99 while the lower estimate is at $50. The standard deviation of the price stands at $15.04.
Albemarle Corporation (NYSE:ALB) rose 0.73% or 0.61 points on Tuesday and made its way into the gainers of the day. After trading began at $82.95 the stock was seen hitting $83.84 as a peak level and $82 as the lowest level. The stock ended up at $83.62. The daily volume was measured at 1,204,115 shares. The 52-week high of the share price is $84.99 and the 52-week low is $41.37. The company has a market cap of $9,390 million.
Shares of Albemarle Corporation rose by 6.66% in the last five trading days and 9.93% for the last 4 weeks. Albemarle Corporation is up 35.04% in the last 3-month period. Year-to-Date the stock performance stands at 50.62%.
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.