Impact of Brokerage Rating on Albemarle Corporation(ALB)

Many Albemarle Corporation(ALB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Robert W. Baird on Jan 17, 2017 to Outperform, Raises Price Target to $ 118 from a previous price target of $81 .

Company has reported several Insider transactions to the SEC, on Jan 10, 2017, Luther C Iv Kissam (Chairman, President & CEO) sold 2,542 shares at 90.46 per share price.On Jan 10, 2017, Karen G Narwold (EVP, Chief Admin Officer) sold 392 shares at 90.59 per share price.On Jan 10, 2017, Scott Tozier (EVP & CFO) sold 1,057 shares at 90.62 per share price.

Albemarle Corporation Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.81. The company had revenue of $654.01 million for the quarter, compared to analysts expectations of $645.84 million. The companys revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.

Albemarle Corporation (NYSE:ALB) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold.

Albemarle Corporation (NYSE:ALB): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $90.7 in Albemarle Corporation (NYSE:ALB). However, the stock price could fluctuate by $ 16.79 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $118 price target with the lower price estimate is calculated at $60

Albemarle Corporation (NYSE:ALB) witnessed a decline in the market cap on Tuesday as its shares dropped 3.76% or 3.56 points. After the session commenced at $94.37, the stock reached the higher end at $94.37 while it hit a low of $90.35. With the volume soaring to 1,654,798 shares, the last trade was called at $91.19. The company has a 52-week high of $95.89. The company has a market cap of $10,257 million and there are 112,475,939 shares in outstanding. The 52-week low of the share price is $50.95.

Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.

Albemarle

For any feedback and suggestions contact author at Nancy.Wright@thefoundersdaily.com

Add Comment