Albemarle (ALB) to Release Earnings on Thursday
Albemarle (NYSE:ALB) is scheduled to release its earnings data on Thursday, July 31st. Persons interested in listening to the company’s earnings conference call can do so using this link.
Albemarle (NYSE:ALB) opened at 67.25 on Wednesday. Albemarle has a 1-year low of $60.89 and a 1-year high of $76.28. The stock has a 50-day moving average of $70.72 and a 200-day moving average of $67.36. The company has a market cap of $5.349 billion and a P/E ratio of 14.63.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 11th.
A number of analysts have recently weighed in on ALB shares. Analysts at Topeka Capital Markets upgraded shares of Albemarle from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $91.00 price target on the stock, up previously from $68.00. On the ratings front, analysts at KeyCorp reiterated a “buy” rating on shares of Albemarle in a research note on Wednesday, July 16th. They now have a $82.00 price target on the stock, up previously from $78.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Albemarle in a research note on Wednesday, July 16th. They now have a $75.00 price target on the stock, up previously from $72.00. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $75.20.
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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