Albemarle Corporation (NYSE:ALB) has coverage initiated with a Sell rating and $85.00 price target

ME Staff
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Analyst Ratings For Albemarle Corporation (NYSE:ALB)

Today, Vertical Research initiated coverage on Albemarle Corporation (NYSE:ALB) with a Sell with a price target of $85.00.

There are 18 Buy Ratings, 2 Sell Ratings, 1 Hold Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Albemarle Corporation (NYSE:ALB) is Buy with a consensus target price of $130.9742 per share, a potential 26.74% upside.

Some recent analyst ratings include

  • 9/25/2018-Albemarle Corporation (NYSE:ALB) has coverage initiated with a Sell rating and $85.00 price target
  • 9/25/2018-Albemarle Corporation (NYSE:ALB) has coverage initiated with a Sell rating
  • 9/4/2018-Albemarle Corporation (NYSE:ALB) gets upgraded to Buy by SunTrust Banks with a price target of $115.00
  • 7/3/2018-Albemarle Corporation (NYSE:ALB) gets upgraded to Buy by Goldman Sachs Group with a price target of $125.00
  • 6/25/2018-Albemarle Corporation (NYSE:ALB) has coverage initiated with a Buy rating and $115.00 price target
  • 4/17/2018-Albemarle Corporation (NYSE:ALB) had its Buy rating reiterated by Royal Bank of Canada with a $113.00 price target

Recent Insider Trading Activity For Albemarle Corporation (NYSE:ALB)
Albemarle Corporation (NYSE:ALB) has insider ownership of 0.80% and institutional ownership of 90.44%.

  • On 9/4/2018 Karen G Narwold, EVP, sold 3,100 with an average share price of $97.11 per share and the total transaction amounting to $301,041.00.
  • On 8/24/2017 Matthew Juneau, EVP, sold 5,397 with an average share price of $115.77 per share and the total transaction amounting to $624,810.69.
  • On 8/23/2017 Karen G Narwold, EVP, sold 11,500 with an average share price of $115.95 per share and the total transaction amounting to $1,333,425.00.
  • On 7/7/2017 Luther C Iv Kissam, Chairman, sold 50,000 with an average share price of $110.08 per share and the total transaction amounting to $5,504,000.00.
  • On 7/7/2017 Scott Tozier, CFO, sold 25,000 with an average share price of $110.13 per share and the total transaction amounting to $2,753,250.00.
  • On 6/19/2017 Douglas L Maine, Director, sold 10,000 with an average share price of $107.94 per share and the total transaction amounting to $1,079,400.00.
  • On 6/19/2017 Karen G Narwold, EVP, sold 20,000 with an average share price of $108.16 per share and the total transaction amounting to $2,163,200.00.

About Albemarle Corporation (NYSE:ALB)
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium and Advanced Materials segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and automobiles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. It also offers cesium products for the chemical and pharmaceutical markets; zirconium, barium, and titanium products for various pyrotechnical applications; technical services, such as the handling and use of reactive lithium products; and recycling services for lithium-containing by-products. In addition, this segment offers performance catalyst solutions comprising organometallics, polymer catalysts, and curatives for polyolefin polymers, packaging, non-packaging, films, injection molding, alpha-olefins, polyurethanes, epoxies, and engineered resins markets. Its Bromine Specialties segment offers bromine and bromine-based solutions for fire safety, chemical synthesis, mercury control, water purification, beef and poultry processing, and other industrial applications, as well as oil and gas well drilling, and completion fluids applications; and tertiary amines, biocides, disinfectants, and sanitizers. Its Refining Solutions segment offers clean fuels technologies, which is primarily composed of hydroprocessing catalysts; and fluidized catalytic cracking catalysts and additives for refining industry. It serves energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, and custom chemistry services markets. The company was founded in 1994 and is headquartered in Charlotte, North Carolina.

Recent Trading Activity for Albemarle Corporation (NYSE:ALB)
Shares of Albemarle Corporation closed the previous trading session at 103,01 −1,94 1,85 % with shares trading hands.