Evercore ISI analyst Stephen Richardson reiterated a Buy rating on Albemarle (NYSE:ALB) on Friday, setting a price target of $295, which is approximately 4.82% above the present share price of $281.43.
Richardson expects Albemarle to post earnings per share (EPS) of -$3.36 for the fourth quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Albemarle, with an average price target of $269.18.
The analysts price targets range from a high of $307 to a low of $144.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $830.57 million and a net profit of $132.51 million. The company's market cap is $32.92 billion.
According to TipRanks.com, Evercore ISI analyst Stephen Richardson is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.6% and a 48.94% success rate.
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.