InvestorsObserver is giving Albemarle Corporation (ALB) an Analyst Rating Rank of 24, meaning ALB is ranked higher by analysts than 24% of stocks. The average price target for ALB is $248.8 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating ALB a Buy today. Find out what this means to you and get the rest of the rankings on ALB!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Albemarle Corporation Stock Today?
Albemarle Corporation (ALB) stock is trading at $232.14 as of 2:33 PM on Friday, Jan 14, a decline of -$3.09, or -1.31% from the previous closing price of $235.23. The stock has traded between $228.93 and $235.88 so far today. Volume today is light. So far 303,614 shares have traded compared to average volume of 1,028,915 shares.
Click Here to get the full Stock Report for Albemarle Corporation stock.