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The Latest Analyst Recommendations for Albemarle

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Aug. 18 2020, Updated 6:13 a.m. ET

Analyst recommendations for Albemarle

As of February 24, 2017, 19 brokerage firms were actively tracking Albemarle (ALB) stock. About 58.0% of them have recommended a “buy” for the stock, and 42.0% have recommended a “hold.” None of them have recommended a “sell.”

The analyst consensus for ALB indicates a 12-month target price of $99.65. That implies a return potential of 7.2% from its closing price of $92.93 on February 24, 2017.

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Why are most analysts recommending a ‘buy’?

Albemarle’s positive business developments, including acquisitions, focus on reducing interest expense. Those factors, along with the growing global demand for lithium, could be the primary drivers for analysts recommending a “buy” for the stock.

Recommendations and targets

Below are the recommended target prices for Albemarle from some of the brokerage firms:

  • On February 23, 2017, RBC (Royal Bank of Canada) rated Albemarle an “outperform” with a target price of $114, which implies a 12-month potential return of 22.7% over the closing price of $92.93 on February 24, 2017.
  • On January 18, 2017, Jefferies rated Albemarle a “buy” with a target price of $105, which implies a 12-month potential return of 13.0% over the closing price of $92.93 on February 24, 2017.
  • On January 17, 2017, Baird rated Albemarle an “outperform” with a target price of $118, which implies a 12-month potential return of 27.0% over the closing price of $92.93 on February 24, 2017.

You can indirectly hold Albemarle by investing in the Global X Lithium ETF (LIT), which has invested 6.6% in Albemarle. The other top holdings of the fund include FMC (FMC), Tesla (TSLA), and Johnson Controls (JCI), with weights of 22.6%, 3.9%, and 3.5%, respectively, as of February 24, 2017.

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