Oppenheimer Remains a Buy on Albemarle Corp (ALB)


In a report released today, Colin Rusch from Oppenheimer reiterated a Buy rating on Albemarle Corp (ALB). The company’s shares opened today at $96.01.

According to TipRanks.com, Rusch is a 5-star analyst with an average return of 7.9% and a 46.7% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.

Currently, the analyst consensus on Albemarle Corp is a Moderate Buy with an average price target of $121.86, representing a 26.9% upside. In a report issued on November 9, Berenberg Bank also maintained a Buy rating on the stock with a $130 price target.

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Albemarle Corp’s market cap is currently $10.17B and has a P/E ratio of 30.59. The company has a Price to Book ratio of 2.88.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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