Oppenheimer Gives a Buy Rating to Albemarle (ALB)


In a report released today, Colin Rusch from Oppenheimer assigned a Buy rating to Albemarle (ALB), with a price target of $111.00. The company’s shares closed last Thursday at $182.49.

According to TipRanks.com, Rusch is a top 25 analyst with an average return of 65.1% and a 63.8% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.

Albemarle has an analyst consensus of Hold, with a price target consensus of $116.31.

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The company has a one-year high of $153.48 and a one-year low of $48.89. Currently, Albemarle has an average volume of 1.25M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALB in relation to earlier this year. Most recently, in November 2020, Luther Kissam, a Director at ALB sold 164,191 shares for a total of $20,796,356.

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. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment engages in developing and manufacture of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.

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