Large-cap Basic Materials company Albemarle has logged a -6.8% change today on a trading volume of 1,732,106. The average volume for the stock is 1,389,381.
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Based in Charlotte, NC, the company has 6,000 full time employees and a market cap of $34,532,003,840. Albemarle currently offers its equity investors a dividend that yields 0.5% per year.
The company is now trading -6.67% away from its average analyst target price of $315.81 per share. The 22 analysts following the stock have set target prices ranging from $145 to $461, and on average give Albemarle a rating of buy.
Over the last year, ALB shares have gone up 16.1%, which represents a difference of 31.9% when compared to the S&P 500. The stock's 52 week high is $334.55 per share whereas its 52 week low is $169.93. With its operating margins declining an average -6.0% over the last four years, Albemarle may not have a strong enough business to keep this trend.If you would like a free fundamental analysis of Albemarle and other stocks that interest you, subscribe to our free newsletter!