Loop Capital Markets analyst Chris Kapsch maintained a Buy rating on Albemarle (ALB – Research Report) today and set a price target of $162.00. The company’s shares closed yesterday at $119.89.
Kapsch covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Albemarle, and Element Solutions. According to TipRanks, Kapsch has an average return of 9.9% and a 62.05% success rate on recommended stocks.
In addition to Loop Capital Markets, Albemarle also received a Buy from Argus Research’s Bill Selesky in a report issued on March 11. However, on the same day, Morgan Stanley maintained a Sell rating on Albemarle (NYSE: ALB).
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ALB market cap is currently $14.09B and has a P/E ratio of 9.41.
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Albemarle (ALB) Company Description:
Albemarle Corp. is a specialty company, which engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment engages in developing and manufacture of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.
Read More on ALB:
- Early notable gainers among liquid option names on March 11th
- Albemarle price target lowered to $81 from $90 at Morgan Stanley
- Albemarle downgraded to Hold from Buy at Vertical Research
- Albemarle price target lowered to $112 from $115 at Mizuho
- Albemarle price target lowered to $159 from $178 at KeyBanc
