Albemarle Corporation which can be found using ticker (ALB) now have 24 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $216.00 and $81.00 with the average target price sitting at $146.67. Now with the previous closing price of $118.35 and the analysts are correct then there would likely be a percentage uptick in value of 23.9%. It’s also worth noting that there is a 50 day moving average of $120.67 and the 200 moving average now moves to $159.13. The total market capitalization for the company now stands at 13.98B. The stock price is currently at: $119.01 USD
The potential market cap would be $17,331,307,061 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 8.91, revenue per share of $81.98 and a 1.73% return on assets.
Albemarle Corporation is a global developer, manufacturer and marketer of specialty chemicals. The Company operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage business contributes to the growth of clean miles driven with electric vehicles and more efficient use of renewable energy through grid storage. Its Specialties segment enables the prevention of fires starting in electronic equipment, greater fuel efficiency from rubber tires and the reduction of emissions from coal-fired power plants. The Ketjen business creates efficiency of natural resources through more usable products from a single barrel of oil, enables safer, greener production of alkylates used to produce more environmentally friendly fuels, and reduced emissions through cleaner transportation fuels. It serves the markets, such as serve include energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals and crop protection.
