Albemarle Corp. (ALB) Set to Announce Earnings on Wednesday
Albemarle Corp. (NYSE:ALB) will release its Q413 earnings data on Wednesday, January 29th. Analysts expect Albemarle Corp. to post earnings of $1.21 per share and revenue of $688.58 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Albemarle Corp. (NYSE:ALB) opened at 63.59 on Tuesday. Albemarle Corp. has a 52-week low of $56.64 and a 52-week high of $70.00. The stock’s 50-day moving average is $65.31 and its 200-day moving average is $64.77. The company has a market cap of $5.176 billion and a price-to-earnings ratio of 18.48.
A number of analysts have recently weighed in on ALB shares. Analysts at Merrill Lynch upgraded shares of Albemarle Corp. to a “buy” rating in a research note to investors on Thursday, January 9th. On a related note, analysts at Robert W. Baird upgraded shares of Albemarle Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $71.00 price target on the stock, up previously from $57.00. Finally, analysts at Bank of America Corp. upgraded shares of Albemarle Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $71.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $83.03.
Albemarle Corporation (NYSE:ALB) is a developer, manufacturer and marketer of specialty chemicals, which meet customer needs across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets.
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