Albemarle Corporation with ticker code (ALB) have now 22 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 share target price sitting at $147.32. (at the time of writing). Given that the stocks previous close was at $122.14 and the analysts are correct then we can expect a percentage increase in value of 20.6%. There is a 50 day moving average of $121.98 while the 200 day moving average is $161.80. The market cap for the company is 14.64B. The stock price for the company is currently is currently $124.58 USD
The potential market cap would be $17,657,407,853 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 9.33, 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.
