Today, the EVP, Chief Admin Officer of Albemarle Corp (NYSE: ALB), Karen Narwold, sold shares of ALB for $301K.
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Based on Albemarle Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $854 million and quarterly net profit of $302 million. In comparison, last year the company earned revenue of $737 million and had a net profit of $103 million. ALB’s market cap is $10.46B and the company has a P/E ratio of 32.26. Currently, Albemarle Corp has an average volume of 1.35M.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $129.40, reflecting a 33.8% upside.
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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.
