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Albemarle (NYSE:ALB) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report released on Monday.

A number of other firms have also recently commented on ALB. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Albemarle in a research note on Friday, August 1st. They now have a $61.00 price target on the stock, down previously from $70.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Albemarle in a research note on Friday, August 1st. They now have a $80.00 price target on the stock, down previously from $85.00. Finally, analysts at Deutsche Bank upgraded shares of Albemarle to a “hold” rating in a research note on Friday, August 1st. They now have a $67.00 price target on the stock, down previously from $75.00. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $73.40.

Albemarle (NYSE:ALB) opened at 61.65 on Monday. Albemarle has a one year low of $59.86 and a one year high of $76.28. The stock has a 50-day moving average of $68.6 and a 200-day moving average of $67.09. The company has a market cap of $4.824 billion and a P/E ratio of 15.11.

Albemarle (NYSE:ALB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.11. The company had revenue of $604.70 million for the quarter, compared to the consensus estimate of $646.75 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Albemarle will post $4.17 EPS for the current fiscal year.

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 1.81%. The ex-dividend date is Thursday, September 11th.

In other Albemarle news, SVP D Michael Wilson bought 5,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $61.29 per share, for a total transaction of $306,450.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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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