Albemarle Corporation with ticker code (ALB) now have 24 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $216.00 and $81.00 calculating the average target price we see $149.38. Given that the stocks previous close was at $100.63 this is indicating there is a potential upside of 48.4%. Also worth taking note is the 50 day moving average now sits at $121.21 and the 200 day moving average is $132.89. The total market capitalization for the company now stands at 11.70B. The stock price for the company is currently $99.54 USD
The potential market cap would be $17,366,019,260 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 36.07, revenue per share of $71.55 and a -2.68% 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.
