Albemarle Corporation (NYSE:ALB) : 5 brokerage houses believe that Albemarle Corporation (NYSE:ALB) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Albemarle Corporation (NYSE:ALB). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.17.
Albemarle Corporation (NYSE:ALB) : 11 Wall Street analysts covering Albemarle Corporation (NYSE: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. Also, Major Brokerage house, Citigroup maintains its ratings on Albemarle Corporation (NYSE:ALB). In the latest research report, Citigroup raises the target price from $76 per share to $89 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 12, 2016.
Albemarle Corporation (NYSE:ALB): stock turned positive on Tuesday. Though the stock opened at $76.81, the bulls momentum made the stock top out at $78.49 level for the day. The stock recorded a low of $76.14 and closed the trading day at $78.29, in the green by 3.92%. The total traded volume for the day was 2,707,421. The stock had closed at $75.34 in the previous days trading.
In an insider trading activity, Juneau Matthew, officer (Sr VP, Corp Strategy & IR) of Albemarle Corp, unloaded 13,174 shares at an average price of $75.34 on May 12, 2016. The total amount of the transaction was worth $992,529, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.